# CommonSpirit Health

CommonSpirit Health is an Endowment / Foundation based in Chicago, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** 444 W Lake St, Chicago, Illinois, United States
- **Founded:** 2019
- **Assets under management:** 24000 (Altss estimate)
- **Website:** commonspirit.org
- **LinkedIn:** https://www.linkedin.com/company/commonspirithealth

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Healthcare Services

## People

- Wright Lassiter III — President and CEO
- Lloyd Dean — CEO Emeritus
- Kevin Lofton — CEO Emeritus
- Michael Browning — Senior Executive Vice President and CFO

## Questions

### Who runs investment decisions at CommonSpirit Health?

Wright Lassiter III serves as president and CEO. Michael Browning holds the CFO role. Investment activity occurs through CommonSpirit Ventures.

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

The organization executes both direct hospital acquisitions and limited-partner commitments through CommonSpirit Ventures. Positions include Truveta and Concert Health.

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

CommonSpirit Ventures focuses on early-stage health technology and data companies. The system also acquires operating hospitals and medical real estate.

### How is CommonSpirit Health related to its parent or legacy entities?

CommonSpirit Health resulted from the merger of Dignity Health and Catholic Health Initiatives. Legacy foundations and hospital entities continue to operate under the combined structure.

### What is CommonSpirit Health's known posture on co-investments alongside external GPs?

The record shows limited-partner positions in health technology companies but does not detail co-investment terms with external managers.

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

Canonical page: https://altss.com/profile/commonspirit-health

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