THE NEXT CHAPTER FOR SUMMA HEALTH
After a thoughtful, diligent and collaborative process, Summa Health and General Catalyst’s Health Assurance Transformation Company (HATCo) have completed our transaction, marking the official beginning of our long-term vision to deliver a more proactive, accessible and affordable system of community-based, lifelong health care.
Being part of HATCo will help make Summa Health more agile, resilient, innovative, and connected to the Akron community. Though the structure and model of Summa Health are changing, our priorities are not:
- We will continue to expand access to care and drive strategic growth that ensures we remain a trusted health partner in Greater Akron and beyond, while maintaining our charity care policy, community benefit and essential services.
- Together, we will create a more seamless, compassionate and reliable care journey that meets patients where they are today and fosters a more connected experience.
- We will prioritize the professional futures of and continued investment in our employees and medical staff, with simpler workflows, smarter technology, and support to grow and thrive.
The significant investment that HATCo is making into Summa Health will empower us to build upon our existing strengths and capabilities while also benefiting from new opportunities and technology that will enable strategic, transformative initiatives and innovation.
Our immediate focus is on achieving organizational stability, including transitioning to a for-profit structure, strengthening operations and making targeted investments that ensure patients continue to receive consistent, reliable care and support our dedicated staff.
The net proceeds received from the transaction will fund the Trailhead Community Health Foundation of Greater Akron to support focused investment to benefit community health in the Greater Akron region. The foundation will be governed separately from both Summa Health and HATCo and will invest in expanding access to healthcare and driving long-term improvements across our community.
Together, we are creating a next-generation health system – one that honors our legacy and embraces our future as a leader driving broader healthcare transformation in Greater Akron and beyond.
Thank you for your continued trust in and support of Summa Health.
Sincerely,
Cliff Deveny, M.D., President and CEO, Summa Health
Daryl Tol, President, HATCo
Securing Our Future and the Health of Our Communities
Summa Health/HATCo Journey
HATCo's Commitment is Significant — and Long Term
Summa Health and General Catalyst’s HATCo sign Definitive Agreement to advance vision for future of healthcare delivery
Summa Health and HATCo have signed a Definitive Agreement outlining a proposed transaction focused on stabilizing the health system and creating a more proactive, affordable and accessible system of community-based, lifelong healthcare. Read the press releases:
About Summa Health
Summa Health is an integrated healthcare delivery system that provides coordinated, value-based care across the continuum for the people and populations we serve.
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Ben Sutton, Chief Operating Officer for Summa Health
