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If the HATCo acquisition occurs any time in 2024, the properties would first become taxable Jan. 1, 2025. ... Deveny said “HATCo and Summa Health will maintain the health system’s commitment ...
On March 13, Rep. Emilia Sykes, D-Akron, sent a letter to HATCo CEO Dr. Marc Harrison raising concerns about the proposed acquisition of Summa Health.
Summa Health has announced that it is being acquired by HATCo, a new health care venture capital firm.. The deal, which could be wrapped up by mid-summer, would maintain or grow Summa’s staffing ...
At a meeting hosted by Ward 4 Councilwoman Jan Davis, a panel spoke about Summa's proposed sale to a private equity firm, HATCo. Summa deal's merits outweigh its risks, panelists tell Akron ...
More than 1,300 licensed, inpatient beds are represented on the Summa Health Akron Campus, Summa Health St. Thomas Campus, Summa Health Rehab Hospital, and Summa Health Barberton Campus. In January 2024, Venture Capital firm General Catalyst announced it has agreed to purchase Summa Health and reestablish it as a for-profit corporation. [ 11 ]
The proposed acquisition of Summa Health by HATCo — a subsidiary of venture capital firm General Catalyst — remains a hot-button issue in Akron. On Monday, several people spoke out in ...
Summa has already started to evolve into that sort of system – something that made it attractive to HATCo – but it needed HATCo’s financial investment and infusion of technology to speed up ...
Cliff Deveny, president and CEO of Summa, says the health system finally found the right partner in Health Assurance Transformation Corp. (HATCo). The new health care company is owned by General ...