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Piedmont Healthcare
Founded in 1905, Piedmont Healthcare operates as a private, not-for-profit integrated health system under President and CEO Kevin Brown. It is the largest...
Piedmont Healthcare
Founded in 1905, Piedmont Healthcare operates as a private, not-for-profit integrated health system under President and CEO Kevin Brown. It is the largest Georgia-based private employer, serving communities that cover 85% of the state's population through 27 hospitals and an expanding ambulatory network. The system's scale derives entirely from operating revenues, with no disclosed endowment corpus or publicly traded parent entity. Piedmont reinvests its operating surpluses into clinical programs, technology and physical infrastructure. Its strategy spans acute and post-acute care, including joint ventures like the Encompass Health partnership for inpatient rehabilitation hospitals across Georgia and Alabama. Real estate deployment supports this clinical footprint, with programmatic medical office development alongside Remedy Medical Properties and ownership of assets such as the Piedmont Fayette Hospital MOB Portfolio, Piedmont West Medical Park, and the 271 17th Street NW office property in Atlanta. With over 49,000 caregivers, Piedmont has expanded beyond Georgia's borders into Alabama and South Carolina. The system's clinical scale includes nationally ranked heart, neurology and orthopedics programs, more than 40 oncology locations, and the highest-volume kidney transplant program in the U.S. for 2024. In 2024, Piedmont led the nation in kidney transplants with top-tier survival rates, a milestone that informs its current capital allocation toward transplant infrastructure. Philanthropic support flows through the Piedmont Healthcare Foundation, a separate vehicle for community and donor-funded initiatives. Piedmont's structural differentiator is its integrated payer-provider optionality combined with a non-academic, community-hospital growth model. Unlike many large health systems, it does not operate a medical school, instead scaling through regional absorption and clinical joint ventures. The Encompass Health partnership and the Mercer University naming agreement for The Piedmont Grand Opera House in Macon illustrate how Piedmont uses non-clinical partnerships to deepen community presence without diluting its operating focus.
General information
Firm type
Endowment / Foundation
Year founded
1905
Location
Region
North America
Country
United States
City
Atlanta
Corporate office
Atlanta, GA, United States
Principals
Kevin Brown
President and CEO
Sector focus
Frequently asked questions
Is Piedmont Healthcare an asset owner with an investment portfolio?
Piedmont does not publicly disclose a defined investment portfolio or endowment corpus. As a private, not-for-profit operating company, its capital structure is funded through patient-service revenue and bond issuances. It does not publish an AUM figure or maintain a CIO-led investment office, and there is no evidence of a separate investment entity allocating to external managers.
How does Piedmont fund its real estate and capital projects?
Piedmont funds capital projects through a combination of operating cash flows, tax-exempt debt, and structured real estate partnerships. Its medical office portfolio is built programmatically with Remedy Medical Properties, and it holds direct ownership in properties like the Piedmont Fayette Hospital MOB Portfolio and Piedmont West Medical Park.
Who runs investment decisions at Piedmont Healthcare?
There is no named chief investment officer or dedicated investment team in public disclosures. Strategic capital allocation, including real estate development and joint venture structuring, is overseen by President and CEO Kevin Brown and the senior leadership team, operating within the constraints of a large integrated delivery network.
Does Piedmont Healthcare have a philanthropic foundation?
Yes. The Piedmont Healthcare Foundation serves as the system's philanthropic arm, raising funds from donors to support clinical programs, capital projects, and community health initiatives. It is structurally separate from the operating entity.
What joint venture structures does Piedmont use for clinical expansion?
Piedmont partners with operators like Encompass Health for inpatient rehabilitation hospitals across Georgia and Alabama. These joint ventures allow Piedmont to extend post-acute care coverage without fully capitalizing each facility on its balance sheet, a model it also applies in certain real estate and clinical service lines.
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