General Catalyst's Head of the Health Assurance Ecosystem Daryl Tol said that despite the "very frustrating" healthcare industry, the investment firm is still going to "put a stake in the ground with healthcare systems," Yahoo Finance reported Nov. 14.
Mr. Tol, who was previously CEO of Orlando-based AdventHealth Central Florida, said in the interview that the "best options for connected care exist within really well-run, well-built transformed regional systems of care, and we want to be part of that." In October, General Catalyst launched the Health Assurance Transformation Co. with the goal of eventually owning and operating a health system.
Mr. Tol said that while General Catalyst's history has been focused on "stage agnostic venture capital," the firm is looking to "build partnerships, an ecosystem of change, with some of the top health systems in the country." In October, HATco leader Marc Harrison, MD, the former CEO of Salt Lake City-based Intermountain Healthcare, told Becker's that the company is targeting a health system in the "$1 billion to $3 billion range" to own and operate.