V enture capital company General Driver has actually accepted get Ohio-based not-for-profit health system Summa Health and re-establish it as a for-profit company, the health system’s board of directors revealed Wednesday.
General Driver revealed strategies in October to purchase a health system and utilize it as a showing ground for the innovation established by its portfolio business, particularly after discovering that health systems are danger averse and sluggish to embrace brand-new items that might possibly enhance care or streamline workflow. The endeavor company, which has actually backed customer business like Airbnb and Warby Parker, drew out a different business– the Health Guarantee Improvement Corporation– to run the health system.
Though General Driver has actually asserted that owning a healthcare facility system would permit it to more straight form operations in a manner that advantages clients– consisting of by using clinicians and clients much faster access to brand-new innovation– critics have actually alerted that the ownership design threats damage by pushing the health system to utilize items they might not have actually selected otherwise. Comparable takeovers by personal equity companies, for example, have actually seen a spike in health problems, STAT has actually reported.
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