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Reviewed 2026-06-22

HILLSBORO COMMUNITY HOSPITAL

Ownership, control, relationships, and source records for HILLSBORO COMMUNITY HOSPITAL.
Ownership receipt

What we can say clearly

HILLSBORO COMMUNITY HOSPITAL 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

HILLSBORO COMMUNITY HOSPITAL 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

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Closure risk

At Risk of Closure

Control Map

This leads to this

reported ownership or operating chain
RHG CONSOLIDATED LLCHILLSBORO COMMUNITY HOSPITAL
owns an interest in
DARREL MORRISHILLSBORO COMMUNITY HOSPITAL
governs
DARREL MORRISHILLSBORO COMMUNITY HOSPITAL

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 chainRHG CONSOLIDATED LLC → HILLSBORO COMMUNITY HOSPITAL

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

owns an interest inDARREL MORRIS → HILLSBORO COMMUNITY HOSPITAL

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 16.22% reported ownership · associated 12/09/2019

governsDARREL MORRIS → HILLSBORO COMMUNITY HOSPITAL

CORPORATE OFFICER · 16.22% reported ownership · associated 12/09/2019

governsDARREL MORRIS → HILLSBORO COMMUNITY HOSPITAL

CORPORATE DIRECTOR · 16.22% reported ownership · associated 12/09/2019

controls or managesDARREL MORRIS → HILLSBORO COMMUNITY HOSPITAL

OPERATIONAL/MANAGERIAL CONTROL · 16.22% reported ownership · associated 12/09/2019

owns an interest inRHG CONSOLIDATED LLC → HILLSBORO COMMUNITY HOSPITAL

5% OR GREATER DIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 12/09/2019

controls or managesRHG CONSOLIDATED LLC → HILLSBORO COMMUNITY HOSPITAL

OPERATIONAL/MANAGERIAL CONTROL · 100% reported ownership · associated 12/09/2019

owns an interest inPHYLLIS SHAFFER → HILLSBORO COMMUNITY HOSPITAL

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 6.08% reported ownership · associated 12/05/2024

owns an interest inLAWRENCE ARTHUR → HILLSBORO COMMUNITY HOSPITAL

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 16.67% reported ownership · associated 12/09/2019

owns an interest inTRENT SKAGGS → HILLSBORO COMMUNITY HOSPITAL

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 16.67% reported ownership · associated 12/09/2019

governsTRENT SKAGGS → HILLSBORO COMMUNITY HOSPITAL

CORPORATE OFFICER · 16.67% reported ownership · associated 12/09/2019

governsTRENT SKAGGS → HILLSBORO COMMUNITY HOSPITAL

CORPORATE DIRECTOR · 16.67% reported ownership · associated 12/09/2019

controls or managesTRENT SKAGGS → HILLSBORO COMMUNITY HOSPITAL

OPERATIONAL/MANAGERIAL CONTROL · 16.67% reported ownership · associated 12/09/2019

owns an interest inLG MEDICAL LLC → HILLSBORO COMMUNITY HOSPITAL

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 10% reported ownership · associated 12/09/2019

owns an interest inBRENT LAGERGREN → HILLSBORO COMMUNITY HOSPITAL

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 6.09% reported ownership · associated 12/09/2019

governsBRENT LAGERGREN → HILLSBORO COMMUNITY HOSPITAL

CORPORATE OFFICER · 6.09% reported ownership · associated 12/09/2019

owns an interest inBILLY MAY → HILLSBORO COMMUNITY HOSPITAL

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 5.63% reported ownership · associated 12/09/2019

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

Timeline

Ownership history and events

  1. venture backing

    undefined is reported as an investment backer; this is not treated as a completed ownership claim.

Metrics

Financial and utilization series

MetricPeriodValueMethod note
net patient revenue01/01/2022 to 12/31/2022$9,193,142Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue01/01/2021 to 12/31/2021$7,310,504Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue10/01/2019 to 12/08/2019$1,212,295Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense01/01/2023 to 12/31/2023$9,651,644Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense01/01/2022 to 12/31/2022$9,499,606Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense01/01/2021 to 12/31/2021$9,269,917Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income01/01/2023 to 12/31/2023-$9,651,644Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income01/01/2022 to 12/31/2022$402,329Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income01/01/2021 to 12/31/2021$1,618,584Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets01/01/2022 to 12/31/2022$11,034,272Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets01/01/2021 to 12/31/2021$12,951,395Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets10/01/2019 to 12/08/2019$11,248,541Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities01/01/2022 to 12/31/2022$10,631,942Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities01/01/2021 to 12/31/2021$8,314,387Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities10/01/2019 to 12/08/2019$12,339,918Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees01/01/2023 to 12/31/202348.84 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees01/01/2022 to 12/31/202249.14 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees01/01/2021 to 12/31/202155.67 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds01/01/2023 to 12/31/202315 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds01/01/2022 to 12/31/202215 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds01/01/2021 to 12/31/202115 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days01/01/2023 to 12/31/20231,208 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days01/01/2022 to 12/31/20221,418 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days01/01/2021 to 12/31/20211,368 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges01/01/2023 to 12/31/2023112 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges01/01/2022 to 12/31/2022148 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges01/01/2021 to 12/31/2021141 dischargesHospital 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.

Unavailable

Precise acquisition date

Closure-risk evidence

Estimate method and source limits

CHQPR published May 2026 state totals and hospital financial tables, but not a named risk list. This is an estimated crosswalk and does not change the ownership/control status shown above.

Risk estimateAt Risk of Closure
Website identity linkExact CMS match
2-year patient-service margin-$333,302
2-year total margin$45,588
Estimated reserve runway1.4 years
  • CHQPR May 2026 state totals for rural hospitals at risk and at immediate risk.Does not prove: CHQPR does not identify this hospital by name as being in either risk group.
  • The hospital financial values used for the within-state estimate.Does not prove: The exact unpublished CHQPR risk classification or future closure.
  • The CHQPR hospital name, city, state, and payment-type context.Does not prove: Identity linkage to the website where the name match remains unresolved.
Open the full closure-risk evidence reviewCHQPR state totals ↗CHQPR financial table ↗

Download

Take the evidence with you

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

Sources

Evidence and source documents

governmentHospitals RAPTHomeland Infrastructure Foundation-Level DataresearchPrivate Equity Hospital TrackerPrivate Equity Stakeholder ProjectgovernmentHospital EnrollmentsCenters for Medicare & Medicaid ServicesgovernmentHospital All OwnersCenters for Medicare & Medicaid ServicesgovernmentHospital Provider Cost ReportsCenters for Medicare & Medicaid ServicesgovernmentHospital General InformationCenters for Medicare & Medicaid Services