“We Bought a Hospital We Couldn’t Afford”: General Catalyst Becomes General Hospital

If someone, other than Houdini, has $1 billion and decides to buy something for $2 billion, the math simply doesn’t add up. Aside from this, General Catalyst is saying all the right things about what it plans to do with the hospital. However, in a leveraged buyout, things could go south, and it might be the bank, not the venture capital firm, that ends up owning the hospital.

Imagine you have $1 billion and… Continue reading this article on Medium…

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