In October 2023, former Intermountain Well being CEO Marc Harrison, M.D., introduced he would lead a brand new corporate owned by way of challenge capital company Common Catalyst known as Well being Assurance Transformation Corp. (HATCo). But even so running with Common Catalyst’s well being device companions on remodeling their operations, he defined that HATCo would additionally gain and perform a well being device the place it might show the blueprint for this variation. Now Harrison has introduced that the well being device HATCO is making plans to buy is Akron-based Summa Well being, probably the most biggest built-in healthcare supply methods in Ohio.

If the deal meets regulatory approval, the these days nonprofit Summa Well being will develop into a for-profit subsidiary of HATCo, and Summa Well being will stay its present management and handle its dedication to charity care. As well as, on account of the transaction, a group basis can be created to put money into social determinants of well being in ways in which get advantages all the Higher Akron house, HATCo mentioned. The sale value was once no longer disclosed. 

Summa comprises Akron Town Clinic, the Barberton campus, SummaCare insurance coverage corporate and outpatient places and doctor places of work around the area, and has greater than 8,000 staff, consistent with a tale within the Akron Beacon Magazine newspaper. 

The Beacon Magazine reported that Summa has been taking a look to discover a new spouse for a number of years. Maximum just lately, a deal to promote Summa to Michigan-based Beaumont Well being fell via in 2020. 

Harrison, HATCo’s CEO, and Hemant Taneja, Common Catalyst CEO, will paintings with Summa’s leaders to leverage their collaborative, complementary experience in healthcare and well being methods to devise the transformation adventure.

“This new construction will higher serve our communities clinically, economically and socially. With HATCo, Summa Well being will be capable of building up native funding and introduce new assets that let us to increase get right of entry to to inexpensive, high quality, coordinated care,” mentioned Cliff Deveny, M.D., Summa Well being president and CEO, in a remark. “We’re desirous about new alternatives to fortify the affected person and supplier revel in, fortify our recruitment pipeline, construct upon our dedication to scientific training and coaching, and increase the expansion of SummaCare to advance well being fairness and inhabitants well being around the communities we serve.” 

In Might 2022, Intermountain and Common Catalyst introduced a collaboration to force innovation around the Utah-based well being device with the targets of increasing value-based care, lowering general prices of care, offering world-class affected person reports, and attaining well being fairness goals. Intermountain mentioned it might leverage Well being Assurance Community, which is a gaggle of tech innovation corporations inside Common Catalyst’s funding portfolio. Those corporations come with Transcarent, Olive, Sprinter Well being, Commure, and Cadence, amongst others. 

In August 2022, Harrison introduced he was once leaving Intermountain to run the healthcare platform industry for Common Catalyst. 

“HATCo is grounded within the trust that by way of making well being methods extra winning, colourful and leading edge, they’ll be higher supplied to serve everybody of their communities with better affect. We’re overjoyed to spouse with Summa Well being to deliver this imaginative and prescient to existence,” mentioned Harrison, in a remark. “The present nationwide healthcare device is fragmented and creates limitations to care and wellness. In partnership with Summa Well being, we intend to turn out {that a} fashion that’s higher for sufferers may also be just right for industry and create a blueprint for different methods and communities.” 

Common Catalyst’s well being device companions come with UC Davis Well being, HCA Healthcare, Jefferson Well being, Intermountain  Wellspan Well being, Man’s & St Thomas NHS Basis Agree with, Cincinnati Youngsters’s, UCI Well being, Well being First, Metro Well being, Scientific College of South Carolina Well being, Hackensack Meridian Well being, Banner Well being, Common Well being Services and products, and OhioHealth.