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Reviewed 2026-06-22

MERCY HOSPITAL

Ownership, control, relationships, and source records for MERCY HOSPITAL.
Ownership receipt

What we can say clearly

MERCY 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

MERCY 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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Control Map

This leads to this

reported ownership or operating chain
ALLINA HEALTH SYSTEMMERCY HOSPITAL
governs
CHALLIS LOWEMERCY HOSPITAL
governs
JOHN CHURCHMERCY 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 chainALLINA HEALTH SYSTEM → MERCY HOSPITAL

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

governsCHALLIS LOWE → MERCY HOSPITAL

CORPORATE DIRECTOR · associated 06/08/2022

governsJOHN CHURCH → MERCY HOSPITAL

CORPORATE DIRECTOR · 0% reported ownership · associated 09/09/2021

governsLAURA GILLUND → MERCY HOSPITAL

CORPORATE DIRECTOR · associated 06/10/2015

governsAMY RONNEBERG → MERCY HOSPITAL

CORPORATE DIRECTOR · 0% reported ownership · associated 12/01/2020

governsDANIEL O'LAUGHLIN → MERCY HOSPITAL

CORPORATE DIRECTOR · 0% reported ownership · associated 01/01/2022

governsMAYKAO HANG → MERCY HOSPITAL

CORPORATE DIRECTOR · associated 06/13/2019

governsDAVID JOOS → MERCY HOSPITAL

CORPORATE OFFICER · 0% reported ownership · associated 10/01/2025

governsBRIAN MCGRANE → MERCY HOSPITAL

CORPORATE DIRECTOR · 0% reported ownership · associated 06/14/2024

governsMARNA BORGSTROM → MERCY HOSPITAL

CORPORATE DIRECTOR · 0% reported ownership · associated 06/13/2025

governsKELLY SPRATT → MERCY HOSPITAL

CORPORATE OFFICER · 0% reported ownership · associated 12/27/2025

governsJENNIFER ALSTAD → MERCY HOSPITAL

CORPORATE DIRECTOR · 0% reported ownership · associated 06/10/2016

governsSHARI BALLARD → MERCY HOSPITAL

CORPORATE DIRECTOR · 0% reported ownership · associated 06/10/2020

governsTIMOTHY WELSH → MERCY HOSPITAL

CORPORATE DIRECTOR · associated 12/01/2017

governsVICKI RASMUSEN → MERCY HOSPITAL

CORPORATE DIRECTOR · associated 06/13/2019

governsDEBBRA SCHONEMAN → MERCY HOSPITAL

CORPORATE DIRECTOR · 0% reported ownership · associated 06/13/2013

governsDAVID KUPLIC → MERCY HOSPITAL

CORPORATE DIRECTOR · 0% reported ownership · associated 06/10/2015

  • 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 revenue01/01/2023 to 12/31/2023$810,983,723Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue01/01/2022 to 12/31/2022$783,050,851Hospital 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$786,032,523Hospital 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$879,098,441Hospital 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$839,964,187Hospital 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$788,619,121Hospital 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-$36,038,949Hospital 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-$25,727,789Hospital 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$23,724,038Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets01/01/2023 to 12/31/2023$368,441,851Hospital 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$366,912,663Hospital 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$359,097,210Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities01/01/2023 to 12/31/2023-$487,179,318Hospital 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-$523,226,831Hospital 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-$556,352,057Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care01/01/2023 to 12/31/2023$19,456,830Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care01/01/2022 to 12/31/2022$32,275,153Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care01/01/2021 to 12/31/2021$14,248,301Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees01/01/2023 to 12/31/20232,751 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees01/01/2022 to 12/31/20222,715.83 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees01/01/2021 to 12/31/20212,760.8 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds01/01/2023 to 12/31/2023464 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds01/01/2022 to 12/31/2022464 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds01/01/2021 to 12/31/2021461 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days01/01/2023 to 12/31/2023126,207 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days01/01/2022 to 12/31/2022126,930 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days01/01/2021 to 12/31/2021129,793 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges01/01/2023 to 12/31/202327,642 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges01/01/2022 to 12/31/202225,616 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges01/01/2021 to 12/31/202128,065 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

Unavailable

Official facility URL

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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