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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.
Here's what we know about the Summa sale to venture capital firm HATCo -- Jan. 17, 2024. Summa Health has entered into talks to be acquired by a new health care venture capital firm called Health ...
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 ...
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 ]
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 ...
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 ...
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 ...