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Southcoast Hospitals Group
Southcoast Hospitals Group was established in 1996 as a charitable health system. It operates Charlton Memorial Hospital, St. Luke's Hospital and Tobey...
Southcoast Hospitals Group
Southcoast Hospitals Group was established in 1996 as a charitable health system. It operates Charlton Memorial Hospital, St. Luke's Hospital and Tobey Hospital. The organization maintains Southcoast Health Foundation as its philanthropic arm. The system holds a 2.22 percent allocation to private equity with ticket sizes between $5 million and $50 million. Confirmed holdings include direct ownership of hospital campuses, Alden Court Nursing Care & Rehabilitation Center acquired in 2024, and joint-venture interests in Southcoast Behavioral Health with Acadia Healthcare. Geographic exposure centers on Massachusetts and Rhode Island. The firm employs 4408 professionals. It maintains Southcoast Ventures, Inc. as a real-estate holding vehicle and Southcoast Health Foundation for grant-making. In December 2024 the CEO spoke at the Yankee Alliance conference on healthcare sustainability. Governance is structured through a board of trustees with the CEO also serving on the Massachusetts Health & Hospital Association board, creating direct links between operating decisions and investment oversight.
General information
Firm type
Endowment / Foundation
Year founded
1996
Location
Region
North America
Country
United States
City
Fall River
Corporate office
101 Page St, New Bedford, Massachusetts, United States
Principals
David O. McCready
President & CEO
Donald G. Giumetti
Chair of the Board of Trustees
Sector focus
Frequently asked questions
Who runs investment decisions at Southcoast Hospitals Group?
David O. McCready serves as President and CEO. The board of trustees, chaired by Donald G. Giumetti, oversees major capital and investment matters.
Does Southcoast Hospitals Group participate in fund commitments or only direct deals?
The system reports a 2.22 percent allocation to private equity executed through direct holdings and joint ventures rather than external fund commitments.
What investment stages does Southcoast Hospitals Group typically target?
The firm maintains a 10-year minimum investment horizon and focuses on long-term direct ownership of healthcare real estate and operating businesses.
Where does the underlying wealth come from?
Assets derive from operations of the three-hospital health system and related entities rather than a single family or corporate founder.
How is Southcoast Hospitals Group related to Southcoast Behavioral Health?
Southcoast Behavioral Health operates as a joint venture with Acadia Healthcare under Southcoast Health System, Inc.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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