Hillsboro Medical Center

Hillsboro Medical Center

The plan was established alongside the hospital's incorporation in 1967, providing retirement benefits for the physicians, nurses, and support staff of what was then Tuality Community Hospital. The organization rebranded to Hillsboro Medical Center after deepening its clinical integration with Oregon Health & Science University, becoming a component unit of OHSU Health. The pension fund operates as an internal liability, overseen by the hospital's finance leadership rather than a standalone investment office. The plan's investment strategy reflects the constraints of a small institutional pool: limited internal staffing pushes the portfolio toward commingled funds, fixed-income heavy allocations, and consultant-driven asset allocation. While specific holdings are not publicly itemized, pension plans of this size and sponsor type typically allocate across core fixed income, large-cap domestic equities, and a modest alternatives sleeve that may include real estate investment trusts. The hospital's physical plant, including the main 335 SE 8th Avenue campus, the Forest Grove hospital, and a medical office building, represents a separate and far larger pool of owned real assets not commingled with the retirement plan. The plan's governance is intertwined with the broader OHSU Health system. Scott Schwab, the hospital's CFO, exercises direct influence over the plan's administration and also serves on the board of Health Share of Oregon, the state's largest coordinated care organization. The plan does not publicize a distinct investment committee roster, which is consistent with peer community hospital plans where the finance committee of the board handles pension oversight as a subsidiary duty. No dedicated investment staff posts have been identified. Tuality's plan is structurally unremarkable in the institutional market — its defining feature is precisely its ordinariness. It is a classic example of the thousands of small, sponsor-guaranteed pension plans that operate below the threshold of most asset-manager coverage, relying on actuarial consultants and a handful of long-tenured fund relationships. Its integration within the OHSU system creates a path for eventual consolidation of retirement obligations if the clinical affiliation deepens into a full merger, a trajectory that has reshaped many small hospital plans in the Pacific Northwest.