General Catalyst’s HATCo plans to purchase Ohio healthcare system Summa Health

General Catalyst’s HATCo plans to purchase Summa Health, a nonprofit healthcare system in Ohio, with an aim to drive long-term transformation and growth. Summa Health reported an operating loss in 2023, but HATCo’s investment is expected to bring near-term benefits and sustainable change through value-based care and innovation. The deal will focus on implementing tech-enabled healthcare delivery platforms and collaborating with other innovators in the industry. General Catalyst’s commitment to long-term transformation in healthcare is highlighted, and the deal is subject to regulatory approval. This move aligns with the firm’s strategy to revolutionize healthcare delivery and drive innovation in the industry.

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