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

Health Assurance Transformation Corporation (HATCo), a company launched by General Catalyst, has signed a letter of intent to acquire Summa Health, a three-hospital health system in Akron, Ohio. HATCo plans to make the healthcare system a for-profit entity, intending to showcase digital transformation in healthcare. This unprecedented agreement between a major VC firm and a US health system is aimed at operating a demonstration site for new healthcare IT technologies.