General Catalyst's Ambitious Move: Acquiring a Health System and Unveiling a New Company
Venture capital firm General Catalyst has announced the creation of a new business called the Health Assurance Transformation Corporation (HATCo), with plans to purchase a health system. The aim is to create a testing ground for new technology that can improve patient health and streamline hospital processes. General Catalyst, known for backing successful companies like Airbnb and Warby Parker, already works closely with 15 health systems but this move marks a more direct attempt to shape how hospitals utilize technology for patient care. The firm did not disclose the amount it plans to invest in acquiring a health system.