FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Wells Fargo Structures $60MM Credit Facility for Sharecare

March 22, 2017, 07:59 AM
Filed Under: Healthcare

Wells Fargo Capital Finance, part of Wells Fargo & Company, announced that its Healthcare Finance Group acted as agent and sole lender for a $60 million senior secured credit facility for Sharecare Inc., an award-winning digital health and wellness platform founded by digital health pioneer Jeff Arnold and Dr. Mehmet Oz.

“Working with the Wells Fargo Capital Finance team has been an absolute pleasure. The team’s experience and knowledge of the healthcare industry was evident and allowed us to close the transaction quickly and efficiently,” said Justin Ferrero, president of Sharecare. “The financing solution enables us to continue on our aggressive growth trajectory.” 

Sharecare is the digital health company that helps people manage all their health in one place. The Sharecare platform provides each person – no matter where they are in their health journey – with a comprehensive and personalized health profile, where they can dynamically and easily connect to the information, evidence-based programs and health professionals they need to live their healthiest, happiest and most productive life. With award-winning and innovative frictionless technologies, scientifically validated clinical protocols and best-in-class coaching tools, Sharecare helps providers, employers and health plans effectively scale outcomes-based health and wellness solutions across their entire populations.

“Sharecare is an innovative company led by a best-in-class management team, with a proven ability to drive patient engagement resulting in improved outcomes,” said Kevin Harbour, National Healthcare Sales Manager and Managing Director at Wells Fargo Capital Finance. “We are very pleased to have been able to complete such an important financing that will enable Sharecare the financial flexibility to continue their growth objectives.”

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.