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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
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