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Venture capital firm's plan to buy nonprofit hospital system has Ohio community on edge - TL;DR CNBC

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.


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Keywords: business newshealth care industryairbnb incenterprisemark zuckerbergelon muskteladoc health inctechnologybreaking news: technologysnap inc

Source: https://www.cnbc.com/2024/03/02/heres-why-general-catalyst-is-trying-to-buy-summa-health.html


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