Riverside Healthcare

Riverside Healthcare

Riverside Health System Retirement Income Plan was established in 1962 to deliver retirement, death, and disability benefits. Michael J. Dacey, M.D. serves as President and Chief Executive Officer of the sponsoring health system. The plan allocates 5.06 percent to private equity and holds limited partnership interests in Mercer Private Investment Partners VII. Confirmed positions include Exela Pharma Sciences. It also owns and operates multiple acute care hospitals and continuing care communities across Virginia, including Riverside Regional Medical Center and Warwick Forest. Geographic exposure centers on the Mid-Atlantic region with additional holdings through joint ventures. The plan reports $553 million in assets. It maintains a foundation arm, the Riverside Health System Foundation, that recorded $3.3 million in giving. No additional offices outside Newport News are recorded. A 2011 sponsorship of the Eastern Orthopaedic Association Annual Meeting constitutes the most recent dated operational note. The plan operates under a joint-venture structure for its rehabilitation hospital with Select Medical and maintains an alliance with VCU Health for air medical transport. These arrangements create direct control over operating assets rather than purely financial exposure.