What You Should Know:
– WellSpan Health and General Catalyst’s Health Assurance Transformation Company (HATCo) have announced an expanded collaboration.
– The new initiative builds on a strategic partnership that began in 2023, with WellSpan Health…
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Key M&A Trends in 2024
72 hospitals involved in M&A deals
45 organizations participated in divestitures
30.6% of transactions involved financially distressed organizations
Average seller revenue reached $401 million
Hospital Financial Performance
Operating margin index at 4.6% in November 2024
Declining…
Ohio-based Summa Health and General Catalyst’s Health Assurance Transformation HATCo, has signed a definitive agreement to purchase Summa for $485 million. Summa Health is a nonprofit healthcare system with over 30 locations throughout the Akron…
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What You Should Know:
– Health Assurance Transformation LLC (HATCo), a General Catalyst company has reached an agreement to acquire Summa Health, an Ohio-based health system for $485M.
– The $485M acquisition combined with Summa Health’s…
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Top News
Venture capital firm General Catalyst signs a letter of intent to acquire Akron-based non-profit health system Summa Health.
GC formed Health Assurance Transformation Corporation, HATCo, in October 2023 to lead a technology-driven transformation…
In October, General Catalyst launched a new company named Health Assurance Transformation Corporation, or HATCo for short. The company was founded with three main goals: to advise health systems on how to deploy better…
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What You Should Know:
– Akron-based Summa Health and General Catalyst’s Health Assurance Transformation Corporation (HATCo) have announced a planned acquisition that promises to reshape healthcare delivery in the region.
– This strategic acquisition marks the…
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