It’s been a busy week for digital healthcare company Sharecare, which announced plans to go public via a merger deal with the special purpose acquisition company Falcon Capital Acquisition Corp.
For those who don’t know, Sharecare was created by TV’s Dr Oz and WebMD’s ex-founder Jeff Arnold. The deal will be backed by investment banker Alan Mnuchin (who happens to be the brother of former US Treasury Secretary Steve Mnuchin), so this is truly a celebrity-filled event.
The new company, which will be listed on the Nasdaq under the ticker “SHCR”, is expected to hit a $3.9b valuation. The transaction is set to close in Q2 2021.