# Riverside Healthcare

Riverside Healthcare is a Pension Fund based in Kankakee, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Kankakee, United States
- **Region:** North America
- **Address:** 12420 Warwick Boulevard Building 6, Suite 6G, Newport News, VA, United States
- **Founded:** 1962
- **Assets under management:** 553 (Altss estimate)
- **Website:** www.riversidehealthcare.org
- **LinkedIn:** https://www.linkedin.com/company/riversidemc

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Healthcare Services
- Real Estate
- Infrastructure

## People

- Michael J. Dacey, M.D. — President and Chief Executive Officer
- W. William Austin Jr. — Executive Vice President and Chief Financial Officer

## Questions

### Who runs investment decisions at Riverside Healthcare?

Michael J. Dacey, M.D. serves as President and Chief Executive Officer. W. William Austin Jr. holds the role of Executive Vice President and Chief Financial Officer. Investment advice is provided by Principal Financial Group and Mercer.

### Does Riverside Healthcare participate in fund commitments or only direct deals?

The plan holds a limited partnership interest in Mercer Private Investment Partners VII. It also maintains direct ownership of multiple hospital and retirement facilities through its own entities.

### What asset classes does Riverside Healthcare allocate to?

The plan reports a 5.06 percent allocation to private equity. Remaining assets support direct real estate and infrastructure holdings that include hospitals and continuing care communities.

### How is Riverside Healthcare related to its foundation?

The Riverside Health System Foundation operates as the philanthropic arm and recorded $3.3 million in giving focused on health initiatives in the United States.

## Related profiles

- [Brass Tax Wealth Management](https://altss.com/profile/brass-tax-wealth-management)
- [The Skillman Foundation](https://altss.com/profile/the-skillman-foundation)

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Last updated: 2026-07-08T21:10:33.169Z

Canonical page: https://altss.com/profile/riverside-healthcare

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