Updated:
Beacon Health System
Beacon Health System was founded in 2012 and remains locally owned and operated from South Bend. Kreg Gruber serves as chief executive officer while Jeff...
Overview
Beacon Health System was founded in 2012 and remains locally owned and operated from South Bend. Kreg Gruber serves as chief executive officer while Jeff Costello holds the chief financial officer role. The organization runs multiple hospitals and outpatient sites serving patients in northern Indiana and southern Michigan. Beacon deploys capital into owned real estate and selected development projects. Confirmed holdings include the Memorial Patient Tower in South Bend, the Madison Lifestyle District developed with Great Lakes Capital, the Beacon Medical Building in La Porte, and the Memorial Health Plex. The system also operates the Memorial MedFlight Eurocopter and maintains the Have a Heart Collection program in Elkhart. Geographic reach centers on Indiana with limited extension into southern Michigan. The organization lists more than 8,100 associates and participates in industry groups including the American Hospital Association and the Indiana State Medical Association. Beacon Health Foundation operates as the affiliated philanthropic vehicle. No public disclosure of total assets under management or recent investment transactions appears in available records.
General information
Firm type
Endowment / Foundation
Year founded
1898
Location
Region
North America
Country
United States
City
South Bend
Corporate office
South Bend, IN, United States
Principals
Kreg Gruber
Chief Executive Officer
Jeff Costello
Chief Financial Officer
Margot Taylor
Member of the Investment Committee
Sector focus
Frequently asked questions
Who runs investment decisions at Beacon Health System?
Margot Taylor serves on the Investment Committee while also acting as a financial advisor at Healy Financial. Jeff Costello, the chief financial officer, participates in financial oversight alongside the committee.
Does Beacon Health System participate in fund commitments or only direct deals?
Available records show direct ownership of real estate assets and development projects rather than external fund commitments.
How is Beacon Health System related to Beacon Health Foundation?
Beacon Health Foundation functions as the philanthropic arm affiliated with the health system.
What real estate assets does Beacon Health System hold?
Holdings include the Memorial Patient Tower, Madison Lifestyle District, Beacon Medical Building La Porte, and Memorial Health Plex, all located in northern Indiana.
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