TLDR:
- Weatherhead’s J.B. Silvers expresses skepticism about venture capital firm acquiring Summa Health
- Silvers doubts the profitability of the firm’s plan to bring in technology for efficiency
Weatherhead School of Management’s J.B. Silvers has expressed skepticism about a venture capital firm’s plans to acquire the Akron-based hospital system Summa Health. Silvers, the Albert J. Weatherhead III Professor of Management, believes that the firm’s strategy of bringing in technology to increase efficiency and capacity may not result in significant profits. While industry experts anticipate hurdles for Summa Health’s new buyer, Silvers remains cautious about the potential success of this acquisition. The venture capital firm’s plan to modernize the hospital system may face challenges in achieving the desired financial outcomes. The future of Summa Health under new ownership remains uncertain, with Silvers raising valid concerns about the profitability of the firm’s proposed strategies.
