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Intermountain Health Care, Inc.
Intermountain Health Care, Inc. was founded in 1975 as a nonprofit healthcare system. Rob Allen serves as President and CEO while Mike Leavitt chairs the...
Intermountain Health Care, Inc.
Intermountain Health Care, Inc. was founded in 1975 as a nonprofit healthcare system. Rob Allen serves as President and CEO while Mike Leavitt chairs the board. The organization operates without a disclosed family wealth origin and functions under an endowment and foundation subtype. The firm allocates 12.73 percent of assets to private equity. It participates in early-stage and growth investments through Intermountain Ventures. Confirmed positions include Civica Rx, Freenome, Omada Health, and Recursion Pharmaceuticals. Geographic exposure centers on Utah and Colorado with additional activity in Idaho, Nevada, Montana, and Wyoming. The organization employs 68,000 professionals. It maintains the Intermountain Community Care Foundation and Intermountain Foundation for grant-making. A recent operational event occurred in January 2024 when executives spoke at the J.P. Morgan Healthcare Conference on healthcare transformation. Additional offices support operations in the Denver area. Intermountain Health Care, Inc. maintains a hybrid structure that combines direct ownership of hospitals with a dedicated venture arm and place-based investing vehicle. This architecture separates clinical operations from investment decisions while linking both to the same mission-driven mandate.
General information
Firm type
Endowment / Foundation
Year founded
1975
Location
Region
North America
Country
United States
City
Salt Lake City
Corporate office
36 South State Street, Salt Lake City, UT 84111, United States
Principals
Rob Allen
President and CEO
Mike Leavitt
Chair of the Board of Trustees
Sector focus
Frequently asked questions
Who runs investment decisions at Intermountain Health Care, Inc.?
Stacy Jennings serves as Chief Investment Officer overseeing the long-term investment pool. Rob Allen as President and CEO retains final authority on major allocations.
Does Intermountain Health Care, Inc. participate in fund commitments or only direct deals?
The firm acts as limited partner in multiple venture funds while also taking direct ownership positions through Intermountain Ventures. Examples include both fund commitments and direct stakes in Civica Rx and Graphite Health.
What investment stages does Intermountain Health Care, Inc. typically target?
Activity spans early-stage seed and startup rounds through expansion and growth equity. Private equity allocations also appear in the documented 12.73 percent bucket.
Which sectors does Intermountain Health Care, Inc. explicitly avoid?
No explicit avoidance sectors are disclosed in available records. Activity concentrates on healthcare services, biotechnology, and digital health.
How is Intermountain Health Care, Inc. related to SCL Health?
SCL Health merged with Intermountain Healthcare in 2022 to form the combined Intermountain Health system. The transaction expanded the hospital footprint into Colorado.
Where does the underlying wealth come from?
No family wealth origin is disclosed. The organization operates as a nonprofit healthcare system whose investment pool derives from operating surpluses and philanthropic contributions.
Does Intermountain Health Care, Inc. maintain philanthropic structures, and how are they separated?
The Intermountain Foundation and Intermountain Community Care Foundation handle grant-making. These entities operate separately from the core investment pool while supporting the same mission areas.
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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