General Catalyst firm to close $485M purchase of Ohio hospital system

Health Assurance Transformation LLC, a subsidiary of the venture capital giant, is slated to complete the acquisition of Summa Health.

Two years ago, General Catalyst unveiled the creation of a subsidiary, Health Assurance Transformation LLC, and said the goal was to buy a health system and use it as a model to change the industry.

Now, the purchase is slated to be complete. Today, the firm known as HATCo is slated to complete the acquisition of Summa Health, a nonprofit system based in Akron, Ohio…

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