What You Should Know:
– Sharecare today announced its official entry into the home health market with the acquisition of CareLinx, an on-demand home health platform of tech-enabled care providers from Europ Assistance, one of the largest global assistance companies. Under the terms of the agreement, the acquisition is valued at approximately $65M, consisting of $54.6M in cash and $10.4M in Sharecare common stock. The acquisition marks Sharecare’s 18th acquisition since 2010.
– The CareLinx network has more than 450,000 caregivers, including certified nursing assistants, nurse practitioners, medical assistants, companion caregivers, and other skilled medical and non-medical care providers.
– Over one million U.S. Medicare Advantage members have access to CareLinx through its existing partnerships, which include the U.S. Department of Veteran Affairs, an exclusive agreement with AARP, and three of the largest U.S. health plans.
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