Digital health care company Sharecare announced its plans Friday to join the public markets through a merger with Falcon Capital Acquisition Corp., a special purpose acquisition company, or SPAC, backed by investment banker Alan Mnuchin, brother of former U.S. Treasury Secretary Steve Mnuchin. The combined company is expected to be valued at $3.9 billion with approximately $400 million in growth capital on the balance sheet.
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The merger is funded by $425 million in private investment led by Koch Strategic Platforms, Baron Capital Group, Eldridge, Woodline Partners and Digital Alpha.
Sharecare co-founder Jeff Arnold, who previously founded WebMD, …
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