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Hospital Sisters Health System
Hospital Sisters Health System was founded in 1978 by the Hospital Sisters of the Third Order of St. Francis. It operates acute-care hospitals, medical groups,...
Hospital Sisters Health System
Hospital Sisters Health System was founded in 1978 by the Hospital Sisters of the Third Order of St. Francis. It operates acute-care hospitals, medical groups, and outreach programs across 14 communities. The sponsoring religious congregation remains the canonical founder. The system allocates roughly 8 percent of its investment pool to private equity. A dedicated vehicle, HSHS Strategic Fund LP, holds the private-market exposure and is advised by Hamilton Lane. Public equities, fixed income, and hedge funds complete the balance through the HSHS Pooled Investment Account. Geographic reach covers Illinois and Wisconsin with additional clinical partnerships in both states. The organization employs 14,600 people. It maintains the Hospital Sisters of St. Francis Foundation, which has disbursed more than $100 million to HSHS facilities since 2011. March 2025: Announced a $270 million expansion and remodel of St. Vincent Hospital in Green Bay. Governance ties investment decisions to the Catholic Health Association and the sponsoring religious order. This creates a mandate that blends financial returns with explicit community-health and global-mission requirements not typical of standard endowments.
General information
Firm type
Endowment / Foundation
Year founded
1978
Location
Region
North America
Country
United States
City
Springfield
Corporate office
4936 LaVerna Road P.O. Box 19456, Springfield, IL 62707, United States
Principals
Damond Boatwright
President and CEO
Sector focus
Frequently asked questions
Who runs investment decisions at Hospital Sisters Health System?
Damond Boatwright serves as President and CEO. External advice on the private-equity allocation is provided by Hamilton Lane Advisors.
Does Hospital Sisters Health System participate in fund commitments or only direct deals?
The system uses a commingled strategic fund vehicle advised by Hamilton Lane and maintains a separate pooled account for public securities.
What asset classes appear in the investment portfolio?
Private equity represents 8.41 percent. The balance includes domestic and international equities, fixed income, and hedge funds.
Where does the underlying wealth come from?
Operating cash flow and reserves from the 15-hospital healthcare network fund the investment pool.
Does Hospital Sisters Health System maintain philanthropic structures?
Yes. The Hospital Sisters of St. Francis Foundation and Hospital Sisters Mission Outreach administer grants and medical-supply donations.
How is Hospital Sisters Health System related to its founding congregation?
The Hospital Sisters of the Third Order of St. Francis founded the system and continues as its canonical sponsor.
Which sectors does the investment program explicitly target?
No sector targets beyond the 8.41 percent private-equity allocation are disclosed.
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.
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