198: PE firm General Catalyst is buying a hospital — here's our take
In this episode, host Rachel Woods and co-host Abby Burns bring back Advisory Board health system expert Vidal Seegobin to interpret the news that venture capitalist firm General Catalyst intends to acquire Summa Health. We've long said “no one is buying hospitals” – have we been wrong?
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Show Notes
Corporate entities like health plans, retail companies, and PE firms have aggregated large, diverse portfolios of care delivery assets over the past decade – with one notable exception: no one was buying hospitals.
But in January, venture capital firm General Catalyst bucked that trend and announced its intent to acquire Summa Health, a 3-hospital health system in northeastern Ohio. What are they thinking? And what could this mean for the industry?
In this episode, host Rachel (Rae) Woods and co-host Abby Burns invite Advisory Board's health system expert Vidal Seegobin to unpack the details of the story, interpret General Catalyst's ambition, and share what they'll be watching in the coming months.
Links:
- Radio Advisory's financial impact playlist
- Survey insights: 6 priorities for health system strategists in 2024
- Ep. 193: Is health system growth still possible?
- Ep. 123: Is private equity health care's bad guy?
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A transcript of this episode as well as more information and resources can be found on radioadvisory.advisory.com.