Updated:
Corewell Health
Corewell Health was created in 2022 through the merger of Beaumont Health and Spectrum Health. Tina Freese Decker has led the combined organization as...
Corewell Health
Corewell Health was created in 2022 through the merger of Beaumont Health and Spectrum Health. Tina Freese Decker has led the combined organization as President and CEO since formation. The system operates 21 hospitals and a health plan covering more than 1.3 million members across Michigan. Corewell Health allocates 5.38 percent of its long-term investment portfolio to private equity. Corewell Health Ventures pursues growth capital and buyout opportunities in HealthTech. Confirmed positions include Thyme Care, Clarify Health, Transcarent, SpendMend and ProCredEx. The firm also holds a joint venture interest in Quest Diagnostics Michigan. Investments span the United States with primary activity in Michigan. The organization employs 65,000 people. Corewell Health maintains additional philanthropic vehicles including the Corewell Health Foundation West Michigan and the Helen DeVos Children's Hospital Foundation. Adam Smith serves as Vice President, Investments and Chief Investment Officer. In January 2024 the firm attended the J.P. Morgan Healthcare Conference. Corewell Health operates through a dedicated venture vehicle that takes limited partner and direct ownership roles in HealthTech companies. This structure separates operating hospital assets from the investment portfolio managed by the CIO.
General information
Firm type
Endowment / Foundation
Year founded
2022
Location
Region
North America
Country
United States
City
Grand Rapids
Corporate office
100 Corewell Dr NW, Grand Rapids, Michigan, United States
Principals
Tina Freese Decker
President and CEO
Adam Smith
Vice President, Investments and Chief Investment Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Corewell Health?
Adam Smith serves as Vice President, Investments and Chief Investment Officer. Tina Freese Decker holds the role of President and CEO.
Does Corewell Health participate in fund commitments or only direct deals?
Corewell Health Ventures takes both limited partner positions in funds and direct ownership stakes in operating companies.
Which sectors does Corewell Health target through its venture activity?
Corewell Health Ventures focuses on HealthTech companies. Confirmed holdings include Thyme Care, Clarify Health and Transcarent.
What is Corewell Health's known posture on co-investments alongside external GPs?
The firm participates as a limited partner in external vehicles while also holding direct ownership in several HealthTech companies through Corewell Health Ventures.
Where does the underlying capital at Corewell Health originate?
Corewell Health is a not-for-profit healthcare system. Its investment portfolio derives from operating surpluses and reserves of the merged hospital network.
How is Corewell Health related to Priority Health?
Priority Health operates as the health insurance plan arm of Corewell Health and serves more than 1.3 million members.
Does Corewell Health maintain philanthropic structures?
Yes. The organization oversees the Corewell Health Foundation West Michigan and the Helen DeVos Children's Hospital Foundation.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on endowments & foundations?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: