# Baystate Health

Baystate Health is an Endowment / Foundation based in Springfield, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Springfield, United States
- **Region:** North America
- **Address:** Springfield, MA, United States
- **Founded:** 1883
- **Assets under management:** Undisclosed
- **Website:** www.baystatehealth.org
- **LinkedIn:** https://www.linkedin.com/company/baystate-health

## Regulatory record

- **Reports private funds:** No

## About

Baystate Health was established in 1883 as a not-for-profit health system headquartered in Springfield, Massachusetts. Peter D. Banko leads the organization as President and CEO while Akinyele K. Lovelace chairs the Board of Trustees. The system owns and operates Baystate Medical Center, Baystate Franklin Medical Center, Baystate Noble Hospital, and Baystate Wing Hospital. Investment activity includes allocations to private equity, hedge funds, and direct co-investments or SPVs. Confirmed holdings encompass Health New England, Inc. and Baystate Medical Practices, Inc. Geographic exposure centers on North America with indicated activity in Europe. The system also maintains joint ventures such as the Pioneer Valley Life Sciences Institute with UMass Amherst and a planned behavioral health facility with Kindred Healthcare. The organization employs 13,000 professionals. Baystate Health Foundation, Inc., established in 2001, manages fundraising and endowment distributions, with $5.73 million in estimated annual giving. November 2024: Sponsored the Baystate Noble Ball in Westfield, MA. Additional service providers include Deloitte & Touche LLP as auditor and The Northern Trust Company as custodian. Baystate Health operates as a parent corporation with direct ownership of hospitals and physician practices, creating a governance model that integrates clinical operations with investment and philanthropic vehicles under a single board structure.

## Sectors

- Healthcare

## People

- Peter D. Banko — President and CEO
- Akinyele K. Lovelace, DO — Chair of the Baystate Health Board of Trustees
- Tony Dos Santos — Vice Chair of the Baystate Health Board of Trustees
- Laurie Martin — Chief Financial Officer
- Kathleen Healy — Chief Legal Officer

## Questions

### Who runs investment decisions at Baystate Health?

Peter D. Banko serves as President and CEO. Laurie Martin holds the Chief Financial Officer role. Investment oversight occurs through the parent corporation and Baystate Health Foundation, Inc.

### Does Baystate Health participate in fund commitments or only direct deals?

Records show confirmed exposure to private equity, hedge funds, fund of funds, and direct co-investments or SPVs.

### What investment stages does Baystate Health typically target?

Strategy tags include buyout, early stage, expansion or late stage, mezzanine, secondaries, special situations, and venture.

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Last updated: 2026-06-03T20:00:00.000Z

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