Home Venture Capital Akron City Councilman James Hardy seeks to stop Summa sale to HATCo

Akron City Councilman James Hardy seeks to stop Summa sale to HATCo

41
0
Summa Health is the largest employer and hospital system in Summit County.

Summa Health is the largest employer and hospital system in Summit County.

One of Akron’s newest City Council members is uneasy about a venture capital firm’s plan to acquire Summa Health.

At the end of Monday’s council meeting, Ward 8 Councilman James Hardy publicly called for Summa to pause the sale of the health system to Health Assurance Transformation Corp., a health care company that launched in October and is owned by one of America’s largest venture capital firms, General Catalyst.

“The community has not been consulted at all,” said Hardy, “and we stand to gain or lose the most at the outcome of this proposal. At the very least, Summa owes greater Akron a transparent process where concerns and questions of the general public are asked and answered.”

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here