# Reid Hospital and Health Care Services

Reid Hospital and Health Care Services is an Endowment / Foundation based in Richmond, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Richmond, United States
- **Region:** North America
- **Address:** 1100 Reid Parkway, Richmond, IN 47374, United States
- **Founded:** 1905
- **Assets under management:** 462 (Altss estimate)
- **Website:** reidhealth.org
- **LinkedIn:** https://www.linkedin.com/company/reid-hospital

## Regulatory record

- **Reports private funds:** No

## About

Reid Hospital and Health Care Services was established in 1905 with initial funding tied to Daniel G. Reid. The system operates a main campus in Richmond, Indiana, plus more than 50 satellite clinics. Reid Health Foundation, formed in 1975, channels grants for operations and capital projects. The portfolio mixes direct property ownership with alternatives. Confirmed holdings include the 220-bed main campus, the Connersville Replacement Facility, and satellite sites in Indiana and Ohio. Private equity accounts for 2.81 percent of assets; additional exposure sits in real estate hedge funds, securitized asset funds, and corporate hedge funds. Geographic reach stays limited to the Midwest service area. The organization employs 1,720 people. Reid Health Properties, LLC holds several facilities. In January 2026 the system sponsored the ISHE ambulatory care clinic tour in Connersville. Reid Health Foundation reported $2 million in grants during 2024. Ownership of operating subsidiaries such as Reid Physician Associates and Reid Health Ambulance remains 100 percent through the parent corporation, creating a closed governance loop between clinical delivery and asset management.

## Sectors

- Healthcare

## People

- Ben Wells — President and CEO
- Craig Kinyon — Former President and CEO

## Questions

### Who runs investment decisions at Reid Hospital and Health Care Services?

Ben Wells, President and CEO since 2025, oversees both operations and the endowment. The board, chaired by Mark Harrington, approves major allocations.

### Does Reid Hospital and Health Care Services participate in fund commitments or only direct deals?

The system holds both direct real estate assets and fund interests in private equity and hedge funds. Liquidity terms lock alternatives for the life of each vehicle.

### What asset classes appear in the portfolio?

Holdings include private equity at 2.81 percent, real estate hedge funds, securitized asset funds, and corporate hedge funds, plus direct ownership of medical facilities.

### How is Reid Health Foundation related to the hospital?

The foundation, established in 1975, supports hospital operations, capital purchases, and community programs while remaining a separate 501(c)(3) entity.

## Related profiles

- [Long Island University Endowment](https://altss.com/profile/long-island-university-endowment)
- [Lawrence University Endowment](https://altss.com/profile/lawrence-university-endowment)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/reid-hospital-and-health-care-services

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology