PE Healthcare Watch
Answered questions ↓Source file ↓PDF ↓
SOURCE
LOCKED
2026
Case file / CCN 290003 / Las Vegas, Nevada

What the Sunrise record actually answers.

A public edition built only from answered or meaningfully partial questions. The record shows a profitable for-profit hospital with substantial local value, real capital investment, favorable mortality and debt-collection evidence, and persistent staffing, access, safety, and accountability concerns.

The receipts, at a glance

Five numbers. Five different meanings.

Every amount stays attached to its legal entity, time period, and money type. That is the difference between an evidence board and a pile of headlines.

Confirmed / capacity834licensed beds reported by Nevada
Facility / CY25+$220.5mreported net income; 17.55% calculated facility margin
HCA / FY25$6.784bnparent net income; distinct from Sunrise facility money
CMS mortality0 worsetwo condition measures better and six no different
Billing studyA / 0favorable collection grade and zero court actions in the study period
Money map / keep the ledgers separate

Three answered levels of the story

Facility performance, parent capital allocation, and the human result are related but cannot be collapsed into one pool of money.

Facility ledger

Sunrise LLC

Patient reimbursement, Medicaid supplements, labor, capital, and home-office allocations all land here first.

Control layer

HCA / treasury

Public-company cash, dividends, buybacks, debt, and centralized services are disclosed at parent scope.

Human result

Patients + staff

When capacity lags demand, the cost is measured in waits, floats, communication failures, and trust.

The balanced record

Strengths, corrections, and warning signals

Favorable findings appear beside red flags because the evidence supports a mixed record, not a one-note indictment.

Confirmed

Public, not PE

Sunrise sits inside HCA Healthcare’s publicly traded chain. The historical PE period is real, but it is not the current ownership route.

Calculated

Hiring improved

The reported RN vacancy rate improved from 28% with 465 openings in 2022 to 5.77% with 63 openings in 2024.

Confirmed

Capital reached the campus

Sunrise reported $47.30 million of 2023 capital and $26.09 million of construction in progress in 2025.

Confirmed

Mortality is not the headline

Current CMS mortality measures are mostly better or no different. The supported harm story is access.

Confirmed

A collection grade

The 100-hospital study recorded zero Sunrise court actions and gave the hospital an A predatory debt-collection grade for the study period.

Confirmed

Markup, not lawsuits

Sunrise ranked second for its approximately 12.94-times list-price markup - not for filing patient lawsuits.

Dated spine

The timeline in six turns

A visual way to keep historical ownership, current operations, and later enforcement from collapsing into one story.

1958 → 1999

From local hospital to layered LLC

Sunrise opened in 1958, moved through American Medicorp, Humana/Galen, Columbia, and HCA, then registered as Sunrise Hospital and Medical Center, LLC in Nevada in 1999.

2012

Positions reduced

Reporting described 144 eliminated positions, with lower actual job loss after vacancies and contract reductions. The source record does not show a current closure signature.

2017–2021

Medicare audit, then air-permit penalty

OIG reviewed 2017–2018 claims and recommended a $23.6m refund. Sunrise disputed the findings; the official tracker later marked recommendations closed/implemented. Clark County imposed a separate $9,000 air penalty in 2021.

2022–2024

Profit swings; staffing improves in aggregate

The facility moved from profit to a small 2023 loss and then a large 2024 reported profit. Employed RN FTE rose while own filings still documented unit-level overflow and out-of-ratio assignments.

2024–2025

Union power and access failure

SEIU won certification 161–45. A later NLRB charge remained open as an allegation. DOJ settled the interpreter case and required corrective action across 190 affiliated facilities.

2026 snapshot

Access, not mortality

CMS reports a 2-star overall rating with mixed domains; mortality is mostly better/no different, while ED duration, readmission-domain weakness, satisfaction, and capacity evidence carry the harm story.

Confirmed discrepancy log

Things that do not line up

Six sourced contradictions and scope corrections are kept visible instead of being smoothed into a single allegation.

ID
Discrepancy
Status
D03
“Top grossing” ranking actually uses net patient revenue; source year is unclear.
confirmed
D08
Nevada’s 2024 narrative repeats 2022 profit while its 2023 exhibit reports a loss.
confirmed
D14
Aggregate RN growth coexists with unit-level overflow and out-of-ratio events.
confirmed
D17
Leapfrog, Lown, and CMS ratings use different methods and periods.
confirmed
D24
OIG’s $23.6m recommendation is not an adjudicated fraud judgment.
confirmed
D30
The evidence supports access risk, not a proven fraud-and-death scheme.
confirmed
Editorial discipline

Every red flag gets an innocent explanation hunt.

Volume, acuity, rates, reporting periods, acquisitions, legitimate centralized services, and ordinary corporate separateness can all explain a pattern. The page keeps those alternatives beside the flag so the reader can see what remains unresolved.

Your checklist / answered record only

The public answer book

Only answered, meaningfully partial, analytical, or not-applicable questions appear here. Open a card for the direct answer, what it means, its connection, and its source trail.

Reuse the evidence

Download the public edition

The HTML is upload-ready, the PDF is a fixed reading copy, and the source file preserves every published answer with its evidence trail.