Taken private by Altaris for $1.43/share (~$540M) in Oct 2024; delisted from Nasdaq.
The rise & fall
7 moments · 2010–2024
The key moments, with employee sentiment along the way.
2010
🌱
2010
Founded in Atlanta
WebMD founder Jeff Arnold and Dr. Mehmet Oz launch a consumer digital-health platform.
Wikipedia
2018
🦄
2018
Joins the unicorn club
Private rounds push the health platform past $1B.
Wikipedia
2021
📈
2021
The peak: a ~$3.9B SPAC debut$3.9B
Merges with Falcon Capital Acquisition Corp and hits the Nasdaq near $3.9B.
SEC filing
2022–24
2022–24
The long slide
Growth never justifies the debut price; losses mount and the stock sinks for years.
SEC filing
2022
💔
2022
Slips out of the club
The market cap drops below $1B barely a year after listing.
Macrotrends
2021–24
💬
From the inside · Glassdoor reviews, 2021–24
Reviews posted during the public years traced the belt-tightening: employees described raises shrinking to roughly 2%, recurring layoffs with work moved offshore, and health coaches monitored minute-by-minute through 80-plus calls a day — coaching, they said, that felt more like call-center work.
Oct 2024
🤝
Oct 2024
Taken private by Altaris for ~$540M$540M
Altaris pays $1.43 a share — announced in June, completed October 22, 2024 — and Sharecare delists from Nasdaq.
SEC filing
💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.
How it happened
Sharecare, the digital-health platform co-founded by Jeff Arnold and Dr. Mehmet Oz, went public in 2021 through a SPAC merger with Falcon Capital Acquisition Corp at a roughly $3.9B valuation.
Growth never justified the price, losses mounted, and the stock slid for years; in 2024 healthcare investor Altaris took it private at $1.43 per share — about $540M, some 85% below its debut — and it was delisted from Nasdaq.
Reviews posted during the public years traced the belt-tightening: raises shrunk to roughly 2%, recurring layoffs with work moved offshore, and health coaches describing minute-by-minute monitoring through 80-plus calls a day — coaching, they said, that felt more like call-center work.
Source: SEC / Sharecare 8-Ks (~$3.9B SPAC merger with Falcon Capital Acquisition Corp 2021; Altaris take-private $1.43/share, announced June 2024, completed Oct 22 2024, ~$540M)
