Reviewed 2026-06-22

SAGE SPECIALTY HOSPITAL

Ownership, control, relationships, and source records for SAGE SPECIALTY HOSPITAL.

Ownership receipt

What we can say clearly

SAGE SPECIALTY 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

SAGE SPECIALTY 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

CMS owners

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Control Map

This leads to this

reported ownership or operating chain

PCM HOLDINGS I, INC.SAGE SPECIALTY HOSPITAL

owns an interest in

PCM REHAB ENTERPRISES LLCSAGE SPECIALTY HOSPITAL

controls or manages

PATRICK MITCHELLSAGE SPECIALTY 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 chainPCM HOLDINGS I, INC. → SAGE SPECIALTY HOSPITAL

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

owns an interest inPCM REHAB ENTERPRISES LLC → SAGE SPECIALTY HOSPITAL

5% OR GREATER DIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 05/01/2019

controls or managesPATRICK MITCHELL → SAGE SPECIALTY HOSPITAL

OPERATIONAL/MANAGERIAL CONTROL · 100% reported ownership · associated 08/17/2017

is associated withPATRICK MITCHELL → SAGE SPECIALTY HOSPITAL

OTHER · 1% reported ownership · associated 05/01/2019

is associated withSYBIL MILES → SAGE SPECIALTY HOSPITAL

W-2 MANAGING EMPLOYEE · associated 12/31/2021

is associated withKELLY MITCHELL → SAGE SPECIALTY HOSPITAL

OTHER · associated 12/31/2022

owns an interest inPCM INTERMEDIATE HOLDINGS LLC → SAGE SPECIALTY HOSPITAL

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 07/18/2025

owns an interest inPTM 2018 FAMILY TRUST → SAGE SPECIALTY HOSPITAL

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 99% reported ownership · associated 12/31/2022

is associated withEMILY HOLLEMAN → SAGE SPECIALTY HOSPITAL

OTHER · associated 12/31/2022

owns an interest inPCM HOLDINGS I, INC. → SAGE SPECIALTY HOSPITAL

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 07/18/2025

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	09/01/2023 to 08/31/2024	$17,522,079	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue	09/01/2022 to 08/31/2023	$18,381,300	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue	09/01/2021 to 08/31/2022	$20,283,246	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense	09/01/2023 to 08/31/2024	$16,314,931	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense	09/01/2022 to 08/31/2023	$17,843,679	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense	09/01/2021 to 08/31/2022	$22,530,762	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income	09/01/2023 to 08/31/2024	$1,306,587	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income	09/01/2022 to 08/31/2023	$538,830	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income	09/01/2021 to 08/31/2022	-$2,246,507	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets	09/01/2023 to 08/31/2024	$6,664,842	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets	09/01/2022 to 08/31/2023	$5,456,069	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets	09/01/2021 to 08/31/2022	$7,581,751	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities	09/01/2023 to 08/31/2024	$2,107,969	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities	09/01/2022 to 08/31/2023	$1,979,346	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities	09/01/2021 to 08/31/2022	$4,453,156	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees	09/01/2021 to 08/31/2022	96 FTE	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees	09/01/2020 to 08/31/2021	96 FTE	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees	09/01/2019 to 08/31/2020	96 FTE	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds	09/01/2023 to 08/31/2024	59 beds	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds	09/01/2022 to 08/31/2023	59 beds	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds	09/01/2021 to 08/31/2022	93 beds	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days	09/01/2023 to 08/31/2024	7,673 days	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days	09/01/2022 to 08/31/2023	10,320 days	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days	09/01/2021 to 08/31/2022	15,563 days	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges	09/01/2023 to 08/31/2024	293 discharges	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges	09/01/2022 to 08/31/2023	475 discharges	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges	09/01/2021 to 08/31/2022	785 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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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