# Southcoast Hospitals Group

Southcoast Hospitals Group is an Endowment / Foundation based in Fall River, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Fall River, United States
- **Region:** North America
- **Address:** 101 Page St, New Bedford, Massachusetts, United States
- **Founded:** 1996
- **Assets under management:** 405 (Altss estimate)
- **Website:** southcoast.org
- **LinkedIn:** https://www.linkedin.com/company/southcoast-hospitals-group

## About

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.

## Sectors

- Healthcare Services

## People

- David O. McCready — President & CEO
- Donald G. Giumetti — Chair of the Board of Trustees

## 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.

### 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.

## Related profiles

- [KAS BANK Pension Fund](https://altss.com/profile/kas-bank-pension-fund)
- [William K. Warren Foundation](https://altss.com/profile/william-k-warren-foundation)

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

Canonical page: https://altss.com/profile/southcoast-hospitals-group

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