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Healthcare Q&A Site Sharecare Launched by Discovery, Harpo & Others; Acquires Daily Strength

In a rather complex transaction with multiple companies involved, a new healthcare site focused on Q&As called Sharecare has been launched, and the entity has acquired health social network Dailystrength from HSW International, one of the founders of Sharecare. Other founders involved with Sharecare: Discovery Communications (NSDQ: DISCA), Harpo Productions, Sony (NYSE: SNE) Pictures Television, WebMD (NSDQ: WBMD) founder and Discovery’ Chief of Global Digital Strategy Jeff Arnold, and Dr. Mehmet Oz, health expert and host of “The Dr. Oz Show”. As part of the deal, HSW is contributing its health social net service DailyStrength to the venture, a site it acquired late last year for up to $6.6 million. From the SEC filing made this morning by HSW, the latest deal with sell DailyStrength to Sharecare includes an ear-out payment of $3.25 million, among others. The site will officially launch next year.

HSW International is developing Sharecare’s customizable social QA platform and will manage the website, Sony Pictures Television will sell the ads. Jeff Arnold, who has taken an expanded role at Discovery as Chief of Global Digital Strategy and Chairman Emeritus, will also become Chairman and Chief Architect of Sharecare. Dr. Oz is putting together a coalition of expert doctors, hospitals and practitioners, to answer users’ health questions. The site is also working with Cleveland Clinic, Johns Hopkins Medicine, and New York-Presbyterian Hospital, among others. Initial sponsor is Dove. Of course, there’s tons of competition in the health content space, from WebMD, EverydayHealth and many others. Details in release.

One Response to “Healthcare Q&A Site Sharecare Launched by Discovery, Harpo & Others; Acquires Daily Strength”

  1. I have factor 5 which is a blood disorder, over clotted blood. I get migraines that start in the right side of my sinus go directly to my temple and then behind my neck and down from there, my dr. put me on topomax, it does not work. I need to get something for the pain so that I do not miss work for 2 days as that is how long these headaches are lasting. But it’s tricky because of the factor 5, they say if I take anything that would act too quick, I could end up having an aneurism. I hope you can help.