General Catalyst on Sunday announced a health business spinout with plans to buy a health system of its own. The new business, called the Health Assurance Transformation Corporation or HATCo, is on the lookout for health systems to purchase.
The idea is to create a testing ground for new tech that could improve patients’ health while making hospital processes more efficient. General Catalyst — which has backed household names like Airbnb and Warby Parker well before they were successful companies — did not say how much they’d invest to acquire a health system, STAT reports. Read more.
