Tanner Medical Center

Tanner Medical Center

Tanner Medical Center operates as the flagship clinical entity of Tanner Health System, a nonprofit regional healthcare provider anchored in Carrollton, Georgia. The organization's governance rests with a local board chaired by Daniel Jackson, while financial oversight falls to EVP and CFO Carol Crews. Unlike a standalone philanthropic foundation, the Center's invested assets function as a quasi-endowment — capital reserves and board-designated funds that buffer the system's five operating campuses, including Tanner Medical Center/Carrollton, Tanner Medical Center/Villa Rica, Higgins General Hospital in Bremen, and Tanner Medical Center/East Alabama in Wedowee. The investment portfolio is structured primarily as a long-term, total-return pool — a common configuration for nonprofit healthcare systems that must fund capital improvements, technology upgrades, and charity care while maintaining liquidity for operations. Direct real estate holdings include the hospital campuses themselves at 705 Dixie Street, Carrollton; 601 Dallas Highway, Villa Rica; 200 Allen Memorial Drive, Bremen; and 1032 South Main Street, Wedowee, Alabama. The Tanner Health Pavilion in Carrollton adds an outpatient and medical office component. These operating assets sit alongside a liquid securities portfolio, though specific allocations to public equities, fixed income, or alternative investments are not publicly itemized. A dedicated philanthropic arm, Tanner Medical Foundation, Inc., raises and stewards charitable gifts separate from the Center's investment pool. The foundation's existence allows the system to segment donor-restricted endowments from the internally generated reserves that the CFO's office manages. The system's total deployed capital remains undisclosed, as is standard for nonprofit healthcare entities that are not required to report AUM to the SEC. The Center's assets are managed within a conservative institutional framework typical of community hospitals, where liquidity demands from operations constrain the illiquidity budget more tightly than at a university endowment. What distinguishes the Tanner structure is its embedded operating-company relationship: the investment portfolio is not a discrete foundation or family office but the balance-sheet machinery of an active healthcare delivery system. Every investment decision must account for bond covenants, working-capital cycles, and the capital-expenditure pipeline of a four-hospital network serving Georgia and east Alabama. This interdependence between mission-driven care delivery and portfolio design — no endowment-only silo, no separate CEO/CIO — gives the investment function a fundamentally different risk fingerprint from a typical independent endowment.