Warner Bros. Discovery, Inc. is an American multinational mass media and entertainment conglomerate headquartered in New York City. It was formed from WarnerMedia's spin-off by AT&T and merger with Discovery, Inc. on April 8, 2022.

Warner Bros Discovery

Harpo Productions (also referred to as Harpo Studios) is a U.S. multimedia production company founded by Oprah Winfrey and based in West Hollywood, California. It is the sole subsidiary of her media and entertainment company Harpo, Inc. The name ''Harpo'' is ''Oprah'' spelled backward, and it was also the name of her on-screen husband in The Color Purple. Harpo Productions' subsidiaries consist of Harpo Print, the company's publishing house, and a minority interest in cable network Oprah Winfrey Network (OWN) — in 2017, Discovery Communications purchased 24.5% of OWN for $70 million, leaving Harpo with 25.5% ownership. Harpo previously controlled 50% of OWN. Past subsidiaries include Harpo Films, the company's film studio which shut down in early 2013, and Harpo Radio, the company's radio broadcasting division that shuttered on January 1, 2015. The company was previously based in Chicago, with Harpo Studios situated in the West Loop of the Near West Side neighborhood. The building was demolished in 2016, and new headquarters for McDonald's opened on the site in 2018.

Harpo

Sony Pictures Television is a content provider, producing, distributing, and delivering programming in every genre and for every platform.

Sony Pictures Television

Summit Partners is an investment firm that is currently investing in to growth equity, fixed income, and public equity opportunities. Summit has invested in more than 460 companies in technology, healthcare, life sciences, and other growth industries. Summit Partners enhances the value of these companies through infrastructure development, executive and board recruiting, and strategic and operational advice. The firm also brings extensive experience in helping companies navigate the complex process of public offerings or strategic sales and mergers.

Summit Partners

Sharecare

Sharecare is the digital health company that helps people – no matter where they are in their health journey – unify and manage all their health in one place. Our comprehensive and data-driven virtual health platform is designed to help people, providers, employers, health plans, government organizations, and communities optimize individual and population-wide well-being by driving positive behavior change. Driven by our philosophy that we are all together better, at Sharecare, we are committed to supporting each individual through the lens of their personal health and making high-quality care more accessible and affordable for everyone.

<div>Sharecare is a preventive care platform that provides a range of personalized digital therapeutics programs to help members achieve their health goals through lifestyle changes. The company offers a wide range of digital therapeutic and health coaching programs covering mindfulness, tobacco cessation, weight loss, and chronic disease management.&nbsp;</div>

Membership-based, non-insurance healthcare companies helping maintain a steady state of well being.

Preventive Healthcare

Sharecare Inc.

Kaskela Law LLC Announces Investigation of Sharecare, Inc. (SHCR) Proposed $1.43 Per Share Shareholder Buyout and Encourages Investors to Contact the Firm

<div>
 
 Sharecare is a preventive care platform that provides a range of personalized digital therapeutics programs to help members achieve their health goals through lifestyle changes. The company offers a wide range of digital therapeutic and health coaching programs covering mindfulness, tobacco cessation, weight loss, and chronic disease management.&nbsp;
 
 
 The app-based platform is available to track vitals, set goals, order medication, and store medical records that can be accessed by a user&rsquo;s doctor. For healthcare providers, the platform offers value-based care programs, information management solutions, and payment integration.&nbsp;
 
 
 Founded in 2010, the company operates a B2B2C business model targeting employers, health insurance companies, life sciences companies, and healthcare providers. As of December 2022, the company's client base includes 27 direct large-scale employers, 9 health plans providing access to nearly 80,000 employers, and 10 public clients.
 
 
 In August 2021, the company acquired CareLink, an on-demand digital home-based healthcare platform. The acquisition allowed Sharecare to enter the home care space, providing access to CareLinx&rsquo;s network of 450,000 caregivers. This marked the 18th acquisition by the company since its inception in 2010.&nbsp;
 
 
 Funding and Financials
 
 
 The company began trading on the Nasdaq in July 2021, under the ticker symbol &ldquo;SHCR&rdquo; following a merger with special purpose acquisition company Falcon Capital Corporation. For 
 <a href="https://sp-edge.com/updates/17444">
 FY2022
 </a>
 , revenue improved 7% YoY to USD 442.4 million, supported by an increase in covered lives and number of records retrieved, while net losses worsened 39.6% YoY to USD 118.7 million. In terms of guidance for 2023, Sharecare expects revenue to be in the range of USD 450 million&ndash;460 million and adjusted EBITDA in the range of USD 25 million&ndash;30 million.
 
</div>

<div>
 
 Sharecare is a preventive care platform that provides a range of personalized digital therapeutics programs to help members achieve their health goals through lifestyle changes. The company offers a wide range of digital therapeutic and health coaching programs covering mindfulness, tobacco cessation, weight loss, and chronic disease management.&nbsp;
 
 
 The app-based platform is available to track vitals, set goals, order medication, and store medical records that can be accessed by a user&rsquo;s doctor. For healthcare providers, the platform offers value-based care programs, information management solutions, and payment integration.&nbsp;
 
 
 The company operates a B2B2C business model targeting employers, health insurance companies, life sciences companies, and healthcare providers. As of March 2023, the company has over 12 million members.
 
 
 In August 2021, the company acquired CareLink, an on-demand digital home-based healthcare platform. The acquisition allowed Sharecare to enter the home care space, providing access to CareLinx&rsquo;s network of 450,000 caregivers. This marked the 18th acquisition by the company since its inception in 2010.&nbsp;
 
 
 Sharecare began trading on the Nasdaq in July 2021, under the ticker symbol &ldquo;SHCR&rdquo; following a merger with special purpose acquisition company Falcon Capital Corporation. However, in 
 <a href="https://sp-edge.com/updates/30782">
 June 2024
 </a>
 , the company was acquired by healthcare investment firm Altaris for a consideration of USD 518 million and transitioned to a privately owned entity.
 
 
 For 
 <a href="https://about.sharecare.com/press-releases/sharecare-announces-fourth-quarter-and-full-year-2023-financial-results-and-operational-highlights/">
 FY2023
 </a>
 , the company reported a revenue of USD 445.3 million, a 1% YoY increase. However net loss for the year increased by 8/3% YoY to USD 128.5 million.
 
</div>

Cardiomo Care is developing noninvasive wearable devices to alert users and caretakers when there are abnormalities in the heartbeat. The company’s AI engine, trained on existing and growing data sets, can predict potential heart issues up to two hours before they occur, enabling early detection and intervention for arrhythmias and other cardiovascular diseases (CVDs).The company's product, CardiomoPatch, is a waterproof, wearable patch capable of long-term wear with a 10-day battery life. The patch monitors a patient's cardiac data, including ECG outputs, breathing, and skin temperature, and transmits the data via a mobile app for analysis by Cardiomo's AI engine.&nbsp;As of May 2024, the company is yet to commercialize its product and has over 1,600 pre-orders.

Cardiomo Care

Omada is a prevention-focused digital therapeutics startup that helps members achieve health goals through lifestyle changes. It offers four evidence-based, virtual prevention programs for managing hypertension, musculoskeletal (MSK) issues, prediabetes, and diabetes.Omada offers real-time data tracking through connected devices (such as wireless scales, blood pressure, and glucose monitors) and access to personalized coaching sessions via a mobile app as part of its prevention program. It also provides an online community of peers with similar health conditions to discuss challenges and provide support. In May 2021, Omada became the first fully-virtual healthcare provider to earn the National Committee for Quality Assurance’s Population Health Program Accreditation for its type 2 diabetes and type 2 diabetes + hypertension programs.Unlike its peers, Omada operates a performance-based business model where it charges clients an enrollment fee based on the number of users and a performance fee based on how much weight their employees lose. In May 2020, the company acquired virtual physical therapy startup Physera.Key customers and partnershipsAs of May 2024, Omada had more than 1 million members from more than 1,900 enterprise clients across all 50 US states. Its B2B employer and health plan client base include key clients such as American Eagle, Kaiser Permanente, Costco Wholesale, 3M, and Marvin. Additionally, the company has partnered with health systems and hospitals such as Intermountain Healthcare to provide its preventive programs as a covered benefit.In <a href="https://sp-edge.com/updates/15587">January 2023</a>, the company partnered with health service company Castell (a subsidiary of Intermountain Healthcare) to provide its diabetes programs to members from Intermountain Healthcare’s primary care providers in its Utah Medical Group. Further in <a href="https://sp-edge.com/updates/25245">January 2024</a>, the company partnered with Amazon to expand access to its cardiometabolic program.

Omada Health

VillageMD provides primary care services for patients. It also provides tools, technology, and staffing support needed for physicians to deliver high-quality services. VillageMD’s service delivery methods include traditional freestanding clinics, Village Medical at Walgreens co-located clinics, as well as at-home and around-the-clock virtual visits. It also leverages a team-based approach to care where physicians lead nurse practitioners, pharmacists, mental health specialists, and dietitians to offer a holistic care program. The technology of VillageMD includes docOS, an operating system that enables better patient care by connecting various clinical source systems with ongoing patient-generated data coupled with an AI engine to continuously analyze messages to enable patient self-care.The company made several acquisitions to expand its footprint: 1) <a href="https://sp-edge.com/updates/14347">Summit Health</a> for USD 8.9 billion in November 2022, 2) Healthy Interactions, an interactive patient education platform, in February 2022, and 3) <a href="https://sp-edge.com/updates/16968">Starling Physicians</a>, a primary care and specialty care provider, in March 2023.Key customers and partnershipsIn June 2020, VillageMD and Walgreens Boots Alliance announced a collaborative effort to open at least 600 Village Medical centers at Walgreens across more than 30 US markets by 2025. Walgreens invested USD 5.2 billion in VillageMD (from the previously announced USD 1.0 billion), raising its ownership stake to 63% (from 30%).However, as of May 2024, Walgreens had plans to close 160 VillageMD clinics as part of a cost-cutting plan.

VillageMD

Cityblock Health is a value-based healthcare provider focused on delivering comprehensive care to underserved communities, primarily Medicaid and lower-income Medicare beneficiaries. The company combines primary care, behavioral health, and social services to address the complex physical, mental, and social needs of its members.Cityblock's model involves partnering with local community-based organizations and deploying multidisciplinary care teams that include doctors, nurses, behavioral health specialists, and community health workers. These teams provide personalized care through 24/7 access to multi-modal care delivery, including in-home visits, telehealth, and community health hubs.The services of Cityblock are available to members at no additional cost if they are covered by an eligible health plan.Key Customers and PartnershipsAs of May 2024, the company’s services were available in seven states across the US and served over 100,000 members.In May 2024, it partnered with <a href="https://sp-edge.com/updates/29647">Sunshine Health</a> to expand to Florida, and, in <a href="https://sp-edge.com/updates/13270">September 2022</a>, it partnered with MDwise to expand into Indiana. Prior to that, the company had partnered with insurance providers such as ConnectiCare (Connecticut), Tufts Health Plan (Massachusetts), Emblem Health (New York), Healthy Blue (North Carolina), Molina Healthcare (Ohio) and CareFirst (Washington DC).Funding and FinancialsCityblock is a spin-off of Sidewalk Labs, an Alphabet company that incubates and invests in tech companies and products to improve urban infrastructure. It completed a USD 400 million Series D funding round led by Softbank in <a href="https://sp-edge.com/updates/5326">September 2021</a>, valuing the company at USD 5.7 billion. The funds were used to expand its services.

Cityblock Health

Everside Health (formerly Paladina Health) offers preventative care for chronic conditions and primary, mental and occupational healthcare treatments for acute conditions. Patients benefit from around-the-clock access to care, same-day or next-day appointments for in-person, and virtual care visits with zero copays.Everside aims to generate around 17% healthcare cost savings in three years and 31% in five years for its corporate members by leveraging a data-driven approach to care coordination.The company leverages data from past medical records, predictive analytics, and AI in the delivery of preventative care services.Founded in 2010 under the name Paladina Health, the company was rebranded in November 2020 as Everside Health following a merger between three primary care groups (Paladina, Activate Healthcare, and Healthstat). Furthermore, in February 2024, Everside Health merged with primary care provider Marathon Health to form a combined entity that would operate as Marathon Health, and, as of May 2024, the integration was ongoing.Key customers and partnershipPost-merger with Marathon Health, the combined entity would serve 2.5 million patients through over 680 clinics across 41 states.Funding and financialsThe company received its most recent investment in July 2022, amounting to USD 164 million in growth equity funding. The round was led by New Enterprise Associates (NEA). The funds were allocated toward growing its market presence and exploring opportunities for M&amp;A as well as to enhance and improve its product features. Additionally, the firm planned to expand its coverage of specialty care services aimed at individuals, employers, and union organizations.

Everside Health

Platforms offer a subscription-based or B2B-sponsored, evidence-based program for managing a specific long-term health condition.

DPCs offer value-based primary and preventive care services addressing whole-person (social, mental, physical) needs for a fixed monthly or annual fee paid by either the patient, insurance provider, or employer.

Companies offer B2B and D2C evidence-based treatments delivered via software programs to prevent and manage a variety of chronic conditions.

Tools that collect and analyze real-time patient data that supports healthcare providers with clinical decisions,  improves patient outcomes, and reduces medical errors.

Companies offer independent physician practices and hospitals with the tools (patient engagement, care coordination, administrative services) to help manage and improve clinical health outcomes of a defined group of individuals or large populations.

Platforms are used to track and gather patient health-related information via either a connected device or at-home test kits to detect the early onset of disease and identify any abnormalities in readings—but do not include a treatment plan.

To gather large amounts of real-time data for chronic care management, DTx, and patient monitoring

XR used by some startups for chronic pain management

Offers digital means of providing direct primary care, passive remote monitoring, chronic care management, etc.

AI/ML is used in predictive analytics, diagnostics tools, and population management

Offers tailored preventive interventions and treatments to the specific needs and characteristics of each individual

A concentration of wealth and a willingness to adopt age-in-place technologies present new opportunities.

Age Tech

ANALYST_QUICK_TAKE

<div>
 Digital therapeutics provider Sharecare is set to be bought by healthcare investment firm Altaris for USD 518 million, with the sale price being USD 1.43 per share. This price is about 85% higher compared to Sharecare's closing price on June 20, 2024.
 Following the acquisition, Sharecare will transition from being a publicly traded company to a privately owned one. This move aims to use Altaris' healthcare expertise, additional funding, and operational flexibility to further develop solutions across Sharecare's three business areas.
 
</div> Analyst QuickTake: 
 M&amp;A in the DTx space has been active for the past year. DTx company Sidekick Health acquired PINK! in <a href="https: 
//sp-edge.com/updates/30558"> June 2024 </a> and aidhere in <a href="https: 
//sp-edge.com/updates/22714"> October 2023 </a> to expand its offerings. Additionally, Click Therapeutics acquired Better Therapeutics' DTx assets in <a href="https: 
//sp-edge.com/updates/29686"> May 2024 </a> , while Mahana Therapeutics expanded its DTx in the European market by acquiring HiDoc Technologies (Cara Care) in <a href="https: 
//sp-edge.com/updates/27496"> March 2024 </a> .

Sharecare Inc.

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