Venture capital breaks into health care, a new bill affecting unions becomes law and more
By Joe Frye
General Catalyst acquires Summa Health
Ohio Attorney General Yost approved the $500M acquisition of Akron-based Summa Health by VC firm General Catalyst’s Health Assurance Transformation Co. The deal includes a $550M+ operational investment and 10 years of state oversight to protect the system’s nonprofit mission.
You can read more in Akron Beacon Journal.
Governors DeWine & Beshear unveil Brent Spence companion Bridge
Officials announced a $1.6B cable-stayed design for the companion bridge on June 18. Part of an 8-mile corridor rebuild, it will enhance freight flow, pedestrian access and interstate connectivity.
You read more on Local 12’s website.
Maple Manufacturing opens in Yorkville
Maple Manufacturing, backed by JobsOhio and Ohio Southeast Economic Development, will set up operations in Yorkville, creating 35 new jobs in the region.
You can read more on WTOV 9’s website.
Senate Bill 1 becomes law June 27
A new law bans DEI-based hiring and scholarships, prohibits faculty strikes and restricts collective bargaining by unions including tenure negotiations at universities and colleges.
You can read more on the Columbus Dispatch.