Mercy Health

Overview

Mercy Health was established in 1986 as a non-profit health system. It runs acute care hospitals, hospice programs and outpatient facilities in Indiana, Kentucky, Ohio, Pennsylvania and Tennessee. The system allocates approximately 5 percent of assets to private equity. Confirmed positions include majority ownership of Nordic Consulting Group through Accrete Health Partners and a minority stake in Ensemble Health Partners. It also holds a joint venture interest in Compassus and limited partner positions in Hyro AI and Truveta. Activity centers on the United States with additional exposure through global healthcare IT holdings. The organization employs 35,000 people. It maintains three philanthropic foundations that support clinical programs and community outreach. In January 2025 it participated as a speaker at the J.P. Morgan Healthcare Conference. Investment decisions flow through the treasury office rather than a standalone family office or external manager structure, with oversight tied directly to the health system's Catholic sponsor.