Montage Health

Montage Health

Montage Health operates the Community Hospital of the Monterey Peninsula Retirement Plan, established in 1967. The plan supplies retirement, disability, and death benefits to staff of the hospital founded in 1934. Mike McDermott became President and CEO in 2025, succeeding Steven Packer after his 25-year tenure. The plan reports a 0.95 percent allocation to private equity. It engages Aon Hewitt Investment Consulting as investment advisor and works with managers including Parametric Portfolio Associates, Atlanta Capital Management, and Ares Management. Geographic focus remains centered on California facilities, with additional holdings tied to joint ventures involving Salinas Valley Health. Confirmed positions include ownership of Montage Medical Group, MoGo Urgent Care, and Community Health Innovations. The organization lists 58,130 square feet of medical office space at Ryan Ranch and a 61,800 square foot wellness center in Marina. It maintains the Montage Health Foundation, established in 2016, which received a $105.8 million gift from Bertie Bialek Elliot for the Ohana Center. November 2025: Spoke at the 2025 Hospital Finance & Reimbursement Conference on Medicare and 340B updates. The pension plan sits inside a nonprofit hospital system rather than a standalone investment entity. Governance flows through the hospital board and investment committee, with service providers handling day-to-day management.