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.
The ALPHV BlackCat and LockBit ransomware groups are causing havoc in the US healthcare sector, with a surge in cyberattacks on hospitals and pharmacies. The