"Community Concerns Rise as Venture Capital Firm Eyes Purchase of Ohio Nonprofit Hospital System"
Venture capital firm General Catalyst plans to buy nonprofit hospital system Summa Health, aiming to introduce new tech-enabled solutions to make care more accessible and affordable. The move has sparked concerns in the Ohio community, with some fearing the impact of the for-profit transition and potential changes to the hospital's operations. General Catalyst's CEO, Dr. Marc Harrison, emphasizes that the objective isn't to cut costs but to bring sustainable innovation to Summa, transitioning it to a value-based care model. The deal is still pending regulatory approval, and stakeholders are closely watching this unprecedented venture into the healthcare sector.