{
General Catalyst Group VII LP

Companies

}
general catalyst moves forward with 485 million acquisition of summa health
Summa Health is moving towards a for-profit model through a $485 million deal with General Catalyst, which will help eliminate $850 million in debt and fund a community foundation in Akron. The organizations will seek regulatory approval, facing potential scrutiny due to the transition from nonprofit to for-profit status, which may extend the review period. Concerns about operational consistency with community needs have been raised, reflecting past issues in similar transitions.
Axios
United States Dollar Ropes & Gray LLP Summa Health General Catalyst Group VII LP Mission Health System HCA Healthcare, Inc. USA Molly Gillis Torrey McClary Josh Stein Show more
Finance & Economy, News Article
21:02 08.11.2024
venture capital firm hatco to acquire summa health for 485 million
Akron's Summa Health has agreed to be acquired by venture capital firm HATCo for $485 million, enabling the health system to eliminate $850 million in debt. The transition from a nonprofit to a for-profit entity will support community health investments and enhance care access, while maintaining existing charity care policies. HATCo plans to invest $350 million in capital funding and an additional $200 million for transformative initiatives over the next several years.
Healthcare Finance News
Summa Health General Catalyst Group VII LP USA Cliff Deveny Hemant Taneja
Finance & Economy, Press Release
17:41 08.11.2024
general catalyst acquires summa health in 485 million deal to reduce debt
General Catalyst's Health Assurance Transformation Corporation (HATCo) has finalized a $485 million agreement to acquire Summa Health, enabling the health system to eliminate $850 million in debt. The deal includes a commitment of $350 million for technology upgrades and $200 million for strategic investments over the next several years. Summa Health will maintain its charity care policy and community services while transitioning to a wholly owned subsidiary of HATCo, aiming to enhance healthcare access and innovation in the Akron region.
Fierce Healthcare
Summa Health General Catalyst Group VII LP USA George Strickler Hemant Taneja Marc Harrison Cliff Deveny Show more
Finance & Economy, News Article
23:00 07.11.2024
venture capital firms explore continuation funds for liquidity in challenging market
Venture capital firms are increasingly turning to continuation funds to provide liquidity to investors amid a stagnant exit market. London-based Nodem Capital is pioneering this model in emerging markets, targeting assets that have reached their 10-year mark, with plans to invest starting in 2025. While some established VCs are also exploring continuation funds, concerns over conflicts of interest and fees have tempered investor enthusiasm.
Institutional Investor
RockPort Capital New Enterprise Associates Insight Partners Xiii Access LLC Trinity Ventures LLC General Catalyst Group VII LP Lightspeed Venture Partners Joe Biden Alex Branton Donald Trump Show more
Finance & Economy, Market Report
22:59 07.11.2024
Armis plans 2026 IPO after securing 200 million funding round
US cybersecurity startup Armis is gearing up for an initial public offering in 2026 after securing $200 million in funding, bringing its valuation to $4.6 billion. The funding round, led by General Catalyst and Alkeon Capital Management, will support product innovation and potential acquisitions.
Bloomberg.com
United States Dollar Georgian Acquisition LLC Brookfield Technology Partners Armis Alkeon Capital Management LLC General Catalyst Group VII LP Show more
Technology & Innovation, Press Release
14:39 28.10.2024
new funds launched by general catalyst and 16 other vcs for startups
General Catalyst has raised an impressive $8 billion to invest in early-stage start-ups, focusing on sectors like AI, healthcare, and fintech, with a strong emphasis on the USA, Europe, and India. Alongside, 16 other VCs have also launched new funds, seeking promising investment opportunities in the evolving market.
Business Insider
United States Dollar Airbnb, Inc. Stripe Instacart (Maplebear Inc.) General Catalyst Group VII LP USA IND DEU Hemant Taneja Show more
Finance & Economy, News Article
14:58 25.10.2024
fusion energy startup aims for breakthrough amid skepticism and long timelines
Pacific Fusion is pushing towards achieving net-positive energy through fusion technology, with a focus on developing mass-produced energy modules. Despite the long timeline ahead, the team remains optimistic about the potential impact of their work on energy solutions for the future. Meanwhile, discussions around the challenges of public trust in science and the nature of AI reasoning continue to evolve, highlighting the complexities of human perception and technological advancement.
WIRED
United States Dollar General Catalyst Group VII LP Google Inc. Tesla, Inc. Pacific Fusion Alphabet Inc. ZAF IND BRA USA RUS Arati Prabhakar C. Leland Ellison Will Regan Keith LeChien Carrie von Muench Show more
Technology & Innovation, Blog Post
14:00 25.10.2024
general catalyst raises eight billion dollars with focus on health care investments
General Catalyst has successfully raised $8 billion in new capital, allocating $750 million specifically for health care investments amid its ongoing acquisition of Ohio's Summa Health, which is under regulatory review. The fund includes $4.5 billion for seed and growth equity, $1.5 billion for new company creation, and $2 billion in separately managed accounts. The firm, led by Hemant Taneja, is enhancing its health care focus by partnering with various health systems and payers to foster a "health assurance ecosystem."
STAT
United States Dollar Summa Health General Catalyst Group VII LP Hemant Taneja
Finance & Economy, News Article
16:18 24.10.2024
healthex launches ai-powered consent platform to enhance patient data management
Halle Berry launched Respin, a midlife women's health company, aiming to reshape the conversation around menopause, which affects over 1 million women annually in the U.S. The brand focuses on community, education, care, and wellness products, with two-thirds of participants in a pilot program reporting symptom improvement.In tech news, Recursion expanded its partnership with Google Cloud to enhance drug discovery through AI and cloud technologies, while HealthEx debuted with $14 million in funding to streamline patient consent and data access in healthcare. Additionally, the National Association of Community Health Centers is collaborating with HLTH to address health equity challenges.
Fierce Healthcare
BioSig Technologies, Inc. Common Stock Google Cloud General Catalyst Group VII LP Respin Priyanka Agarwal Kyu Rhee Halle Berry Liz Baker Plosser Chris Gibson Show more
Healthcare, Press Release
21:30 21.10.2024
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