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AKRON, Ohio — An agreement has been reached for General Catalyst’s Health Assurance Transformation LLC (HATCo) to acquire Akron-based Summa Health, pending regulatory review and approval.
Venture capital firm General Catalyst's Health Assurance Transformation Corporation (HATCo) signed a definitive agreement to buy Summa Health for $485 million, the organizations announced Thursday.
Akron’s Summa Health has signed a definitive agreement with General Catalyst’s Health Assurance Transformation Corporation (HATCo) as part of the company’s planned acquisition of the health system.
General Catalyst’s HATCo announced its intent to acquire Summa Health in January, three months after the portfolio company was launched at HLTH 2023. HATCo committed $350 million for the first ...
Summa and Health Assurance Transformation Corporation (HATCo) today announced they have signed a non-binding letter of intent ...
The transaction is subject to regulatory review and approval. “As part of HATCo, Summa Health will be better positioned to build upon our existing strengths and capabilities while also ...
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The acquisition of nonprofit Summa Health by for-profit HATCo is aimed at stabilizing the Akron health system's operations and "creating a more proactive, affordable and equitable system of ...
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