Beaumont Health

Beaumont Health

The William Beaumont Hospital Employees' Retirement Plan was established in 1970 as a defined benefit plan. It serves eligible employees of WBH and Jones Lang LaSalle at Beaumont Hospitals. The plan operated within Beaumont Health, a non-profit system that merged with Spectrum Health in 2022 to create Corewell Health. The plan reports a 19.58 percent allocation to private equity. Confirmed positions held through Corewell Health Ventures include KeyCare, Transcarent, Thyme Care, NeuroFlow and Override. Earlier holdings included Livongo, which reached an exit. Geographic focus centers on the United States with activity in Michigan facilities and national venture exposure. The organization lists 33,000 employees across its hospital network. Additional offices are not separately disclosed beyond the Michigan footprint. Beaumont Health Foundation, established in 2014, supports patient programs and medical education with reported annual giving of $38 million. In January 2024 the system attended the J.P. Morgan Healthcare Conference in San Francisco. The plan operates under the post-merger Corewell Health structure. Investment decisions flow through the combined entity with oversight by the CIO role now held at Corewell. Service providers include Strategic Investment Group as investment advisor since 2014.