# Hospital Sisters Health System

Hospital Sisters Health System is an Endowment / Foundation based in Springfield, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Springfield, United States
- **Region:** North America
- **Address:** 4936 LaVerna Road P.O. Box 19456, Springfield, IL 62707, United States
- **Founded:** 1978
- **Assets under management:** 1724 (Altss estimate)
- **Website:** hshs.org
- **LinkedIn:** https://www.linkedin.com/company/hospital-sisters-health-system

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Healthcare

## People

- Damond Boatwright — President and CEO

## 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.

### 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.

## Related profiles

- [Shunlong Private Equity Bond Investment](https://altss.com/profile/shunlong-private-equity-bond-investment)
- [Hawaiian Electric Industries, Inc.](https://altss.com/profile/hawaiian-electric-industries-inc)

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

Canonical page: https://altss.com/profile/hospital-sisters-health-system

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology