St. Joseph Health System has chosen Northern Trust Corp. to provide custody and related services for its $1.8 billion operating assets.
The Orange, Calif.-based health system selected Northern Trust for its technology, particularly the web portal Passport, Lisa M. Laird, St. Joseph's vice president of investments and cash management, said in a news release Thursday. Passport allows customers to access information such as market valuations, rates of return and market news to help them better manage their assets.
Northern Trust, based in Chicago, will offer resources such as investment risk and analytical services to St. Joseph.
St. Joseph manages a range of care facilities including acute care hospitals, home health agencies, hospice care, outpatient services and skilled nursing facilities.
