CommonSpirit Health

CommonSpirit Health

CommonSpirit Health was formed in 2019 through the combination of Dignity Health and Catholic Health Initiatives. Wright Lassiter III serves as president and chief executive. The resulting organization functions as one of the largest nonprofit Catholic health systems in the United States. The investment program centers on direct holdings in hospitals and medical real estate together with venture commitments executed via CommonSpirit Ventures. Confirmed positions include Truveta, Concert Health, Clever Care Health Plan, Synapticure, Notable Health and Homeward. The portfolio also contains an exited position in One Medical and a 7 percent stake in Premier, Inc. Geographic reach spans the Midwest, Southwest, West Coast and Mountain states. CommonSpirit Health reports 175,000 employees and maintains two philanthropic vehicles. The CommonSpirit Health Foundation, established in 2019, directs grants toward behavioral health and violence prevention. Wright Lassiter III spoke at the J.P. Morgan Healthcare Conference in January 2025 on financial performance and system integration. Additional offices support operations in multiple states. CommonSpirit Health maintains a hybrid structure that combines large-scale hospital ownership with a dedicated venture platform. This architecture allows direct control over clinical assets while accessing early-stage health technology exposure through CommonSpirit Ventures without reliance on external fund commitments.