# Corewell Health

Corewell Health is an Endowment / Foundation based in Grand Rapids, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Grand Rapids, United States
- **Region:** North America
- **Address:** 100 Corewell Dr NW, Grand Rapids, Michigan, United States
- **Founded:** 2022
- **Assets under management:** 7119 (Altss estimate)
- **Website:** corewellhealth.org
- **LinkedIn:** https://www.linkedin.com/company/corewell-health

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Healthcare
- HealthTech

## People

- Tina Freese Decker — President and CEO
- Adam Smith — Vice President, Investments and Chief Investment Officer

## 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.

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

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

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