Venture capital firm's plan to buy nonprofit hospital system has Ohio community on edge
Publishing timestamp: 2024-03-02 09:00:01
Summary
General Catalyst, a venture firm, is buying Summa Health, a nonprofit integrated health system in Ohio. This move is unprecedented in the venture capital world, as General Catalyst typically invests in tech companies. The goal is to introduce new tech-enabled solutions to make healthcare more accessible and affordable. The deal has raised concerns about the impact on the community and the shift to a for-profit model.
Sentiment: MIXED
Keywords: business news, health care industry, airbnb inc, enterprise, mark zuckerberg, elon musk, teladoc health inc, technology, breaking news: technology, snap inc,
Source: https://www.cnbc.com/2024/03/02/heres-why-general-catalyst-is-trying-to-buy-summa-health.html