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What You Should Know:
– Sharecare acquires doc.ai to expand its engineering expertise, accelerate digital transformation of healthcare through innovative AI platform for an undisclosed sum.
– Founded in 2016, the company licenses AI modules and creates products for a portfolio of clients, including payers, pharma and providers.
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As part of the acquisition, Anthem will now become a strategic partner with Sharecare.
Sharecare, the digital healthcompany that helps people manage all their health in one place, today announced it has acquireddoc.ai, an Silicon Valley-based enterprise artificial intelligence (AI) platform accelerating digital transformation in healthcare. Financial terms of the acquisition were not disclosed.
Sharecare, a digital health startup created by Web MD founder Jeff Arnold and Dr. Mehmet Oz, is reportedly in talks to go public through a merger with a special-purpose acquisition company. It also recently acquired startup Doc.ai.
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This week Reuters reported that two more major digital health companies are discussing potential merger agreements with special purpose acquisition companies (SPACs) that would lead to multibillion dollar valuations.
The first, reported late Tuesday, is app-based patient-engagement and benefits-navigation platform Sharecare.
Per Reuters anonymous sources, the proposed deal would see Sharecare acquire doc.ai – a startup that builds artificial intelligence tools for healthcare industry clients – and subsequently merge with Falcon Capital Acquisition Corp, an SPAC led by prominent investor Alan G. Mnuchin that closed $345 million in an IPO last September. One of Reuters sources said that the two-part deal would bring the merged companies to a nearly $4 billion valuation.
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ATLANTA and PALO ALTO, Calif., Jan. 28, 2021 /PRNewswire/ Sharecare, the digital health company that helps people manage all their health in one place, today announced it has entered into a definitive agreement to acquire doc.ai, an enterprise artificial intelligence (AI) platform accelerating digital transformation in healthcare. The promise that AI holds in healthcare is about much more than identifying behavior patterns or mapping conditions to content, said Jeff Arnold, founder, chairman, and CEO of Sharecare. By securely and privately turning data into insights and insights into action through AI, ultimately we will continue to foster a culture of sharing care that drives improvement across the continuum – from personal health goals to community well-being to medical research. Integrating doc.ai s enterprise technology into Sharecare s flagship platform enables us to unlock the value of health data in a compelling, impactful, and