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.
GitHub hit by a sophisticated malware campaign as ‘Banana Squad’ mimics popular repos
The repository names are identical to other repositories, indicating typo-squatting. These repositories also contain search keywords and emojis, signifying potential AI use. ReversingLabs warns developers
