General Catalyst’s HATCo finalizes Summa Health acquisition – RamaOnHealthcare

▤ Summary

General Catalyst’s HATCo has completed its $515 million acquisition of Ohio-based Summa Health. The deal took about two years to close because regulators closely reviewed the conversion of a nonprofit health system into a for-profit operator. The transaction creates the first hospital system owned by a venture capital company. Summa Health will gain access to technology, partnerships, and capital support as it transitions under the new ownership structure.

▦ Linked Companies