Altaris completes acquisition of Sharecare for $1.43 per share in cash

Sharecare (SHCR) announced the completion of its acquisition by Altaris for $1.43 per share in cash. The transaction was announced on June 21, 2024, and received approval from stockholders on October 17, 2024. As a result of the acquisition, Sharecare’s common stock ceased trading and will no longer be listed on the Nasdaq stock market. “Sharecare’s Board of Directors and shareholders determined that this transaction with Altaris was in the best interests of our company and our clients, and delivered significant, immediate, and certain value to our stockholders,” said Jeff Arnold, Sharecare’s founder and executive chairman of the Board of Directors. “With Altaris, Sharecare has gained the support of an experienced, growth-oriented investor that believes in the company’s vision, strategic growth plan, and management team, and shares a commitment to maximizing the value of Sharecare’s full potential across our three channels.”