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Is General Catalyst Buying Summa Health a Good Idea? Only Time Will Tell

General Catalyst’s newly launched firm, Health Assurance Transformation Corporation (HATCo), has signed a non-binding letter of intent to acquire Summa Health, an Ohio-based health system serving around 60,000 members. The unprecedented deal is expected to be finalised in the next few months, with Summa becoming a wholly-owned subsidiary of HATCo and being transformed into a for-profit entity. HATCo’s acquisition is aimed at advancing tech solutions in healthcare and establishing a model for digital transformation in the industry.

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