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$FCAC Sharecare is a digital health player that helps millions of people manage their health. It uses analytics, health content recommendations, as well as offering a physician network in order to do this
https://www.sharecare.com/how-it-works
https://www.sharecare.com/how-it-works
$FCAC The company is co-founded by celebrity Dr Oz in 2010. Dr Oz's show has 12 seasons and over 22mil users at its peak according to Nielsen. The other founder was Jeff Arnold, CEO of WebMD, one of the top healthcare info sites. Oprah has invested in the company
$FCAC From the website, it looks like Sharecare is mostly B2B, catering to employers, health plans, and the government. Revenue was reported to be $345mil in 2018, up 72% YOY, and 2015-2018 rev showed a CAGR of 214%
https://craft.co/sharecare
https://craft.co/sharecare
$FCAC The company seems to have grown through acquisitions, including Feingold in 2015, Healthways in 2016, Visualize Health in 2020, etc. Visualize Health marks Sharecare's 14th acquisition
$FCAC In Dec 2019, it was reported that Sharecare had raised over $425mil in funding in total, mostly from hospitals and healthcare investors, most of which was likely spent on acquisitions
Sharecare's latest acquisition before it's planned merger with $FCAC is http://doc.ai , an enterprise AI platform to accelerate AI in healthcare. http://doc.ai is one of the largest health companies in the Bay Area
$FCAC Founded in 2016, http://doc.ai is a company that uses AI to conduct clinical trials, manage illnesses with Passport(for example COVID-19), and improve mental health with Serenity. Notable clients include Anthem
https://www.forbes.com/sites/katiejennings/2020/09/29/startup-docai-inks-deal-with-health-insurer-anthem-names-female-cofounder-ceo/
https://www.forbes.com/sites/katiejennings/2020/09/29/startup-docai-inks-deal-with-health-insurer-anthem-names-female-cofounder-ceo/
$FCAC The company was built on the prediction that individuals will control their own health data and partner with doctors to improve health outcomes. http://Doc.ai gives users the option of sharing their medical data only if they approve
$FCAC interestingly http://doc.ai raised $2.3mil in 2017 through the sale of a cryptocurrency called Neurons, with investors like Etherum's cofounder participating. This ties in with the founder's goal to let each person control their data https://venturebeat.com/2017/09/07/doc-ai-raises-2-3-million-in-cryptocurrency-presale/
$FCAC This article by Inc showcases that http://doc.ai can create predictive models in a trial to cure epilepsy, helping patients to improve treatment. http://Doc.ai uses Federated Learning to help keep data confidential
https://www.inc.com/andrew-thomas/healthcare-startup-docai-announces-new-digital-trial-lays-blueprint-for-changing-35-trillion-healthcare-industry.html
https://www.inc.com/andrew-thomas/healthcare-startup-docai-announces-new-digital-trial-lays-blueprint-for-changing-35-trillion-healthcare-industry.html
$FCAC the strength of http://doc.ai is its ability to analyze large amounts of data in a way no human can do, allowing the company to improve health outcomes and find patterns that normally cannot be found
https://www.fiercehealthcare.com/special-report/fiercehealthcare-s-fierce-15-2021-doc-ai
https://www.fiercehealthcare.com/special-report/fiercehealthcare-s-fierce-15-2021-doc-ai
I believe http://doc.ai will have a biz model similar to $AI, meaning high margin subscription revenue, while sharecare will have a biz model similar to $TDOC
Anyway, these are my initial notes. If the $FCAC rumor is confirmed to be true, I believe Sharecare can run higher than $HIMS and $JWS at their peaks. The combination of strong mgmt, AI, and a consumer telehealth biz is very compelling
$FCAC I should add that the rumored valuation of $4bil seems incredibly cheap given the revenue numbers for sharecare disclosed earlier. Assuming $500mil in 2020 rev would put the multiple at just 8x, a steep discount to other telehealth businesses
