Reviewed 2026-06-22

FRANCISCAN HEALTH MICHIGAN CITY

Ownership, control, relationships, and source records for FRANCISCAN HEALTH MICHIGAN CITY.

Ownership receipt

What we can say clearly

FRANCISCAN HEALTH MICHIGAN CITY appears in the source tracker as a venture-backed investment signal. This dossier does not classify that signal as completed private-equity ownership.

Finding: Documented investment signal
Last reviewed: 2026-06-22
Evidence: 6 cited sources

Documented warningPossible ownership change under review

FRANCISCAN HEALTH MICHIGAN CITY appears in the source tracker as a venture-backed investment signal. This dossier does not classify that signal as completed private-equity ownership.

Documented investment signal
Last verified Jun 2026

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Key sources

CMS owners

Financial assistance help

Not confirmed

We have not confirmed a Dollar For listing for this facility. This does not mean financial assistance is unavailable.

Control Map

This leads to this

reported ownership or operating chain

FRANCISCAN ALLIANCE INCFRANCISCAN HEALTH MICHIGAN CITY

governs

KEVIN LEAHYFRANCISCAN HEALTH MICHIGAN CITY

is associated with

KEVIN LEAHYFRANCISCAN HEALTH MICHIGAN CITY

Evidence limits

Red color requiredCCN exact match2 ownership sources checked6 total sources below

Review Note

Why this page is published

government-corroborated

Meets the Phase 3 publication standard for its displayed status

Ownership & Control

Detailed records, kept below the answer

Sponsor, operator, CMS legal-owner/control records, and facility are shown as separate evidence layers.

See the full ownership chain

reported ownership or operating chainFRANCISCAN ALLIANCE INC → FRANCISCAN HEALTH MICHIGAN CITY

The platform attribution comes from the research tracker and is displayed separately from CMS legal-owner rows.

governsKEVIN LEAHY → FRANCISCAN HEALTH MICHIGAN CITY

CORPORATE OFFICER · 0% reported ownership · associated 11/01/1996

is associated withKEVIN LEAHY → FRANCISCAN HEALTH MICHIGAN CITY

W-2 MANAGING EMPLOYEE · 0% reported ownership · associated 04/03/2014

owns an interest inFRANCISCAN ALLIANCE INC → FRANCISCAN HEALTH MICHIGAN CITY

5% OR GREATER DIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 09/19/1974

governsSTACEY LEVA → FRANCISCAN HEALTH MICHIGAN CITY

CORPORATE OFFICER · 100% reported ownership · associated 03/01/2026

is associated withSTACEY LEVA → FRANCISCAN HEALTH MICHIGAN CITY

W-2 MANAGING EMPLOYEE · 100% reported ownership · associated 03/01/2026

governsJUSTIN KATS → FRANCISCAN HEALTH MICHIGAN CITY

CORPORATE OFFICER · 100% reported ownership · associated 03/01/2026

is associated withJUSTIN KATS → FRANCISCAN HEALTH MICHIGAN CITY

W-2 MANAGING EMPLOYEE · 100% reported ownership · associated 03/01/2026

CMS owner rows establish enrolled legal ownership or control roles; they do not always name the ultimate financial sponsor.

Timeline

Ownership history and events

Current / undated
venture backing
undefined is reported as an investment backer; this is not treated as a completed ownership claim.

Metrics

Financial and utilization series

Metric	Period	Value	Method note
net patient revenue	01/01/2023 to 12/31/2023	$350,439,707	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue	01/01/2022 to 12/31/2022	$276,724,477	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue	01/01/2021 to 12/31/2021	$281,073,728	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense	01/01/2023 to 12/31/2023	$332,763,828	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense	01/01/2022 to 12/31/2022	$259,763,387	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense	01/01/2021 to 12/31/2021	$227,892,432	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income	01/01/2023 to 12/31/2023	$23,745,332	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income	01/01/2022 to 12/31/2022	$22,620,751	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income	01/01/2021 to 12/31/2021	$55,103,541	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets	01/01/2023 to 12/31/2023	$469,456,124	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets	01/01/2022 to 12/31/2022	$423,673,992	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets	01/01/2021 to 12/31/2021	$425,868,152	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities	01/01/2023 to 12/31/2023	$31,814,401	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities	01/01/2022 to 12/31/2022	$9,527,094	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities	01/01/2021 to 12/31/2021	$36,934,995	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care	01/01/2023 to 12/31/2023	$4,581,873	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care	01/01/2022 to 12/31/2022	$3,260,011	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care	01/01/2021 to 12/31/2021	$395,110	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees	01/01/2023 to 12/31/2023	942 FTE	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees	01/01/2022 to 12/31/2022	884 FTE	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees	01/01/2021 to 12/31/2021	847.43 FTE	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds	01/01/2023 to 12/31/2023	133 beds	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds	01/01/2022 to 12/31/2022	119 beds	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds	01/01/2021 to 12/31/2021	99 beds	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days	01/01/2023 to 12/31/2023	31,943 days	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days	01/01/2022 to 12/31/2022	28,516 days	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days	01/01/2021 to 12/31/2021	28,720 days	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges	01/01/2023 to 12/31/2023	6,242 discharges	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges	01/01/2022 to 12/31/2022	6,566 discharges	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges	01/01/2021 to 12/31/2021	7,132 discharges	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.

Evidence Notes

Contradictions, limitations, and unavailable fields

Open evidence notes

Limitation

CMS corroborates an enrolled ownership chain, but its owner names do not independently reproduce every sponsor or portfolio-company name from the tracker.

Limitation

The investment signal does not establish completed private-equity ownership or a pending sale.

Limitation

This campus/location dossier reuses the source packet for the same legacy hospital ID. Parent and sibling links still follow this location record’s separately qualified ownership fields; PE status was copied only after exact PE-field agreement.

Unavailable

Precise acquisition date

Unavailable

Official facility URL

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CSVEvidence CSV — every source with dates and URLsSpreadsheet-friendly source audit for this hospital JSONFull evidence file JSONComplete structured evidence file exactly as published

Sources

Evidence and source documents

governmentHospitals RAPTHomeland Infrastructure Foundation-Level Data researchPrivate Equity Hospital TrackerPrivate Equity Stakeholder Project governmentHospital EnrollmentsCenters for Medicare & Medicaid Services governmentHospital All OwnersCenters for Medicare & Medicaid Services governmentHospital Provider Cost ReportsCenters for Medicare & Medicaid Services governmentHospital General InformationCenters for Medicare & Medicaid Services