Presbyterian Healthcare Services

Presbyterian Healthcare Services

Presbyterian Healthcare Services was established in 1908 by Rev. Hugh A. Cooper as the Southwest Presbyterian Sanatorium. The entity grew into a regional healthcare provider that now runs hospitals, a medical group, and Presbyterian Health Plan, Inc. No family wealth origin is disclosed; the system functions as a community-owned not-for-profit. The system allocates 4.32 percent of assets to private equity and maintains a secondaries and co-investment posture alongside buyout and venture exposure. Confirmed holdings include Southwest Magnetic Imaging Associates at 90 percent ownership and Advanced Imaging LLC at 50 percent ownership. Operations remain concentrated in New Mexico with additional clinical partnerships extending into surrounding states. Fourteen thousand employees staff the nine hospitals and administrative functions headquartered in Albuquerque. Presbyterian Healthcare Foundation, established in 1968, serves as the philanthropic vehicle and reported $10.15 million in giving in recent data. In December 2024 Rishi Sikka, MD succeeded Dale Maxwell as President and CEO. The system maintains full ownership of Presbyterian Health Plan, Inc. and Presbyterian Insurance Company, Inc. through holding entities, creating an integrated insurance and provider structure uncommon among pure asset owners.