Nephron’s Digital Health Coverage Grows With Sharecare Initiation

This week, Eric Percher and team added coverage of Sharecare capped with a ~40 page initiation piece to clients which included key investment positives and risks, a deep dive into the company and their platform, key growth drivers, and a detailed financial model and projections.

In the report, Eric illustrates that Sharecare has built an engagement and digital health platform that offers an alternative to those being assembled by CVS Health, Cigna/Evernorth and UnitedHealth/Optum, leveling the playing field for smaller payors and independent Blues plans while aligning closely to develop competitive advantages for key partner Anthem and potentially Centene and Humana as well.  After eight years assembling the platform, Sharecare has shifted to growth mode in 2021.  Eric sees Sharecare as filling key platform gaps for Anthem and the Blues, and could do the same for Centene and Humana and highlights the Feb 2021 acquisition of as strategically linking Sharecare and Anthem.

For access to the investment thesis and for more information about Nephron Research, please email