Reviewed 2026-06-22

THE MEDICAL CENTER AT FRANKLIN

Ownership, control, relationships, and source records for THE MEDICAL CENTER AT FRANKLIN.

Ownership receipt

What we can say clearly

THE MEDICAL CENTER AT FRANKLIN 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

THE MEDICAL CENTER AT FRANKLIN 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

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Control Map

This leads to this

reported ownership or operating chain

COMMONWEALTH HEALTH CORPORATION, INC.THE MEDICAL CENTER AT FRANKLIN

governs

ELI JACKSONTHE MEDICAL CENTER AT FRANKLIN

governs

WADE STONETHE MEDICAL CENTER AT FRANKLIN

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 chainCOMMONWEALTH HEALTH CORPORATION, INC. → THE MEDICAL CENTER AT FRANKLIN

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

governsELI JACKSON → THE MEDICAL CENTER AT FRANKLIN

CORPORATE DIRECTOR · associated 01/01/2000

governsWADE STONE → THE MEDICAL CENTER AT FRANKLIN

CORPORATE OFFICER · associated 11/14/2012

is associated withWADE STONE → THE MEDICAL CENTER AT FRANKLIN

W-2 MANAGING EMPLOYEE · associated 11/14/2012

governsPAUL COOK → THE MEDICAL CENTER AT FRANKLIN

CORPORATE DIRECTOR · associated 01/01/1982

governsJANET JOHNSON → THE MEDICAL CENTER AT FRANKLIN

CORPORATE DIRECTOR · associated 03/01/2005

governsJOE NATCHER → THE MEDICAL CENTER AT FRANKLIN

CORPORATE DIRECTOR · associated 01/01/1992

owns an interest inCOMMONWEALTH HEALTH CORPORATION, INC. → THE MEDICAL CENTER AT FRANKLIN

5% OR GREATER DIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 04/01/2024

controls or managesCOMMONWEALTH HEALTH CORPORATION, INC. → THE MEDICAL CENTER AT FRANKLIN

OPERATIONAL/MANAGERIAL CONTROL · associated 04/01/2024

is associated withWILLIAM BORDERS → THE MEDICAL CENTER AT FRANKLIN

W-2 MANAGING EMPLOYEE · associated 12/14/2023

governsDOUGLAS THOMSON → THE MEDICAL CENTER AT FRANKLIN

CORPORATE DIRECTOR · associated 01/01/2014

governsCATHY BISHOP → THE MEDICAL CENTER AT FRANKLIN

CORPORATE DIRECTOR · associated 01/01/2000

governsDONNA BLACKBURN → THE MEDICAL CENTER AT FRANKLIN

CORPORATE DIRECTOR · associated 01/01/2004

governsMICHELE LAWLESS → THE MEDICAL CENTER AT FRANKLIN

CORPORATE OFFICER · associated 08/19/2020

is associated withMICHELE LAWLESS → THE MEDICAL CENTER AT FRANKLIN

W-2 MANAGING EMPLOYEE · 0% reported ownership · associated 08/19/2020

governsTHOMAS LOVING → THE MEDICAL CENTER AT FRANKLIN

CORPORATE DIRECTOR · associated 01/01/2014

governsCONNIE SMITH → THE MEDICAL CENTER AT FRANKLIN

CORPORATE OFFICER · associated 11/17/2010

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	04/01/2023 to 03/31/2024	$38,317,144	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue	04/01/2022 to 03/31/2023	$33,157,754	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue	04/01/2021 to 03/31/2022	$31,852,978	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense	04/01/2023 to 03/31/2024	$29,139,570	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense	04/01/2022 to 03/31/2023	$28,439,135	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense	04/01/2021 to 03/31/2022	$26,753,089	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income	04/01/2023 to 03/31/2024	$9,524,074	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income	04/01/2022 to 03/31/2023	$5,656,724	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income	04/01/2021 to 03/31/2022	$6,264,342	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets	04/01/2023 to 03/31/2024	$38,445,081	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets	04/01/2022 to 03/31/2023	$38,011,490	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets	04/01/2021 to 03/31/2022	$40,066,611	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities	04/01/2023 to 03/31/2024	$4,205,837	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities	04/01/2022 to 03/31/2023	$4,249,269	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities	04/01/2021 to 03/31/2022	$5,620,045	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees	04/01/2023 to 03/31/2024	107.92 FTE	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees	04/01/2022 to 03/31/2023	109.86 FTE	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees	04/01/2021 to 03/31/2022	109.15 FTE	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds	04/01/2023 to 03/31/2024	25 beds	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds	04/01/2022 to 03/31/2023	25 beds	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds	04/01/2021 to 03/31/2022	18 beds	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days	04/01/2023 to 03/31/2024	5,163 days	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days	04/01/2022 to 03/31/2023	4,701 days	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days	04/01/2021 to 03/31/2022	4,579 days	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges	04/01/2023 to 03/31/2024	138 discharges	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges	04/01/2022 to 03/31/2023	254 discharges	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges	04/01/2021 to 03/31/2022	239 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.

Unavailable

Precise acquisition date

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Take the evidence with you

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