HATCo signs agreement to acquire Summa Health for $485m
6 days ago · The agreement outlines HATCo’s terms for the acquisition of Summa Health, involving a $485m purchase price. Summa Health’s existing cash and purchase price will help in eliminating the health ...
Summa Health and General Catalyst’s HATCo Sign Definitive …
AKRON, Ohio, November 07, 2024--Akron, Ohio-based Summa Health and General Catalyst’s Health Assurance Transformation LLC (HATCo) announced today that the two organizations have signed a ...
Agreement reached to sell Akron's Summa Health to HATCo
Nov 7, 2024 · The deal between Summa and General Catalyst’s Health Assurance Transformation LLC, or HATCo, still must be approved by regulators, including the Ohio Attorney General, the Ohio Department of Insurance and the Federal Trade Commission.But in signing the agreement, the parties have agreed to move forward with the deal, which would turn the nonprofit Akron hospital system into a for-profit entity.
General Catalyst’s HATCo to acquire Summa Health for $485M
3 days ago · General Catalyst’s Health Assurance Transformation business, or HATCo, has signed a definitive agreement to purchase Summa for $485 million. The deal, alongside the health system’s current ...
Summa Health in Akron to be acquired by HATCo, a ...
Jan 17, 2024 · Summit County’s largest employer and hospital system has agreed to become a guinea pig of sorts for a new venture capital company aimed at transforming health care through technology. Summa and Health Assurance Transformation Corporation (HATCo) today announced they have signed a non-binding letter of intent outlining HATCo’s planned ...
Akron’s SummaHealth moves closer to sale; deal to for-profit firm ...
Nov 7, 2024 · The purchase price, when added to Summa’s current cash, will enable the health system to eliminate $850 million in existing debt, the companies said in a joint news release.
Summa agrees to sell health system to HATCo for $485 million
Nov 7, 2024 · Akron’s Summa Health has signed a definitive agreement with General Catalyst’s Health Assurance Transformation Corporation (HATCo) as part of the company’s planned acquisition of the health system.. The organizations announced Thursday, Nov. 7, they had signed an agreement outlining the proposed terms and conditions of the acquisition, which is subject to regulatory review and approval.
General Catalyst's HATCo to buy Summa Health for $485M
Nov 7, 2024 · General Catalyst's HATCo moves forward on $485M Summa Health deal. Venture capital firm General Catalyst's Health Assurance Transformation Corporation (HATCo) signed a definitive agreement to buy ...
Summa Health and General Catalyst’s HATCo announce plans for ...
Jan 17, 2024 · AKRON, Ohio-- ( BUSINESS WIRE )--Akron, Ohio-based Summa Health and General Catalyst’s Health Assurance Transformation Corporation (HATCo) announced today that the two organizations have signed...
What Summa Health’s Deal with General Catalyst’s HATCo Means …
2 days ago · In acquiring Summa for $485 million, HATCo will allow the system to wipe out its existing debt of $850 million when combined with its current cash, according to the announcement. The remaining ...
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