Claritas Capital Fund IV, LP, Claritas Opportunity Fund 2013, L.P., Claritas Opportunity Fund II, L.P., Claritas Opportunity Fund IV, L.P., Claritas Cornerstone Fund, L.P. and Claritas Opportunity Fund V, L.P., managed by Claritas Capital submits a preliminary non-binding proposal to acquire remaining 89.6% stake in Sharecare, Inc. from shareholders for approximately $660 million.
October 10, 2023
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Claritas Capital Fund IV, LP, Claritas Opportunity Fund 2013, L.P., Claritas Opportunity Fund II, L.P., Claritas Opportunity Fund IV, L.P., Claritas Cornerstone Fund, L.P. and Claritas Opportunity Fund V, L.P., managed by Claritas Capital submits a preliminary non-binding proposal to acquire remaining 89.6% stake in Sharecare, Inc. (NasdaqGS:SHCR) from shareholders for approximately $660 million on October 3, 2023. Claritas Capital will acquire remaining stake for cash consideration of between $1.35 and $1.80 per share. The Board has not yet responded to the Proposal.
Any definitive agreement entered into in connection with the Proposed Transaction would be subject to customary closing conditions, including approval by the Board, any required shareholder approvals and approval by any applicable regulatory authorities. No assurance can be given that any definitive agreement will be entered into, that the Proposed Transaction will be consummated, or that the Proposed Transaction will be consummated on the terms set forth in the Proposal. While the Proposal remains under consideration by the Board, the Reporting Persons and their affiliates expect to respond to inquiries from, and, if invited, to negotiate the terms of the Proposal with, the Board and its representatives.
As of October 12, 2023, Sharecare confirmed that it has received an unsolicited preliminary non-binding proposal from Claritas Capital.
Sharecare, Inc. is a digital healthcare company that helps people manage their health in one place. The Company offers virtual health platform, which is designed to help people, patients, providers, employers, health plans, government organizations, and communities to optimize individual and population-wide well-being by driving positive behavior change. The Company offers Sharecare+, a digital advocacy solution designed to deliver value through benefits navigation, clinical engagement, virtual care, and chronic case and utilization management. Its platform offers an accessible, interactive, personalized, and rewarding environment that aims to transform user engagement with their healthcare from episodic to everyday. The platform provides a single destination for people, patients, and caregivers to access and clinically reviewed content; digitally connect with other patients, community members and healthcare professionals, and adopt action plans provided by healthcare professionals.
Claritas Capital Fund IV, LP, Claritas Opportunity Fund 2013, L.P., Claritas Opportunity Fund II, L.P., Claritas Opportunity Fund IV, L.P., Claritas Cornerstone Fund, L.P. and Claritas Opportunity Fund V, L.P., managed by Claritas Capital submits a preliminary non-binding proposal to acquire remaining 89.6% stake in Sharecare, Inc. from shareholders for approximately $660 million.