Akron-based Summa Health is now officially a for-profit hospital system following the completion of its sale to the Health Assurance Transformation Co., or HATCo, a subsidiary of General Catalyst, the organizations announced Wednesday in a joint news release.

“Today is the culmination of months of collaboration between our organizations and marks the start of a new chapter for Summa Health and those we serve,” Summa President and CEO Dr. Cliff Deveny said in a statement. “With HATCo, we can preserve our community roots, invest in our team, and take bold steps to modernize and expand access to ensure Summa remains strong for decades to come.”

HATCo acquired Summa for $485 million. Leaders say the partnership will stabilize operations, support staff, and expand access for patients.

The Oh

See Full Page