Updated: Venture capital firm General Catalyst is buying an Ohio-based health system

(This sto­ry is from our new Health Tech newslet­ter. If you’d like to sign up, just click here.) 

It’s of­fi­cial: Gen­er­al Cat­a­lyst is about to be­come the own­er of a health sys­tem with 1,000 in­pa­tient beds, a two-hos­pi­tal health­care sys­tem and out­pa­tient cen­ters across north­east Ohio.

On Wednes­day, the VC firm’s Health As­sur­ance Trans­for­ma­tion Cor­po­ra­tion (HAT­Co) said it had signed a let­ter of in­tent to ac­quire Akron, OH-based Sum­ma Health.

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.