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HLTH23: VC firm General Catalyst launches new company, plans to buy a health system

Fierce Healthcare

LAS VEGAS—Venture capital firm General Catalyst unveiled a new company Sunday designed to provide advisory services to health systems while also eyeing a big acquisition by next year.

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General Catalyst's new health system company to acquire Summa Health

Fierce Healthcare

Venture capital firm General Catalyst is making good on its October promise to purchase a health system with about eight months left to spare. | The venture capital firm's deal would make the Ohio nonprofit a wholly owned subsidiary of the recently launched Health Assurance Transformation Corp.

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STAT+: Transcarent, Glen Tullman’s health tech unicorn, raises $126 million

STAT

Transcarent, the fast-moving company helmed by health tech investor and former Livongo CEO Glen Tullman, today announced $126 million in Series D funding valuing the company at $2.2 The investment round was led by venture capital giant General Catalyst and 7wireVentures, where Tullman is a managing partner.

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STAT+: Venture capital firm General Catalyst wants to buy a health system

STAT

Among them is General Catalyst, which on Sunday announced a health business spinout with plans to buy a health system of its very own. The new business, called the Health Assurance Transformation Corporation or HATCo, is on the lookout for health systems to purchase.

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Transcarent banks $126M series D round as it puts focus on AI

Fierce Healthcare

Health tech company Transcarent pocketed $126 million in series D funding, led by General Catalyst and 7wireVentures, the company announced Thursday. Transcarent plans to use the fresh cash to build out its artificial intelligence capabilities, continue to support its commercial growth and back future strategic growth.

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'Dozens and dozens' of data analytics projects drive $100M+ in savings, revenue gains for UnityPoint Health

Fierce Healthcare

The nonprofit health system partnered with Health Catalyst on eight years of performance improvement initiatives targeting length of stay, care management, ED utilization and other costly focus areas.

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STAT+: General Catalyst to buy Ohio-based health system Summa Health

STAT

Venture capital firm General Catalyst has agreed to acquire Ohio-based nonprofit health system Summa Health and reestablish it as a for-profit organization, the health system’s board of directors announced Wednesday. Continue to STAT+ to read the full story…