Q1 2021 Health IT/Digital Health PC/VE, M&A, IPOs/ SPACs Activity
by Healthcare Growth Partners (HGP)
The first quarter of 2021 has been one of investor optimism as the vaccine rollout continues ahead of expectations and economic activity begins to accelerate in response. Within the Health IT industry, the already strong investment and M&A trends seen in 2020 have only accelerated. Over the course of the quarter, we observed $7 billion in private equity and venture capital investment across 158 companies.
By comparison, Q1 of 2020 saw $3.2 billion and 127 investments. Health IT M&A activity has also been strong in the first quarter, with 114 transactions observed compared to just 88 in Q1 of 2020. The gradual loosening of pandemic restrictions and government stimulus both promise to continue to fuel this strong market activity into Q2 and into the future.
Wellstar Health System, one of Georgia’s largest and most integrated healthcare systems, and Sharecare, the digital health company that helps people manage all their health in one place, announced a
Sharecare and Digital Alpha announce a strategic collaboration to strengthen the nexus of healthcare and digital infrastructure across America
Digital Alpha to commit $100 million in outcome-based financing to communities to accelerate well-being improvement initiatives with Sharecare
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ATLANTA, Feb. 19, 2021 /PRNewswire/ Digital Alpha, a leading digital infrastructure investment firm, and Sharecare, the digital health company that helps people manage all their health in one place, today announced the initiation of a strategic collaboration to accelerate their shared vision to improve the economic health of communities and the well-being of their citizens.
In addition to bringing Sharecare differentiated expertise and relationships in sustainable communities to help states, cities, and counties meaningfully improve community well-being, Digital Alpha will commit $100 million in outcome-based financing to communities in a
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SPAC rumors pan out. Just a few weeks after rumors spread of Sharecare s upcoming merger with a special purpose acquisition company (SPAC), the patient-engagement and benefits-navigation platform made it official with an announcement on Friday.
Sharecare will be merging with Falcon Capital Acquisition and listing on NASDAQ. The deal is set to be funded through $345 million in cash in trust from Falcon and supported by a $425 million private investment in public equity and a direct investment from Anthem, which will be partnering with the combined entity.
This deal will leave the company with about $400 million in growth capital, according to the announcement, and a total enterprise value of $3.9 billion.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of Falcon Capital Acquisition .
Rigrodsky Law, P.AFebruary 16, 2021 GMT
WILMINGTON, Del., Feb. 16, 2021 (GLOBE NEWSWIRE) Rigrodsky Law, P.A. announces that it is investigating Falcon Capital Acquisition Corp. (“Falcon Capital”) (NASDAQ GS: FCAC ) regarding possible breaches of fiduciary duties and other violations of law related to Falcon Capital’s agreement to merge with Sharecare, Inc.
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To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-falcon-capital-acquisition-corp.
You may also contact Seth D. Rigrodsky or Gina M. Serra cost and obligation free at (888) 969-4242 or info@rl-legal.com.