Reviewed 2026-06-22

MERIT HEALTH MADISON

Ownership, control, relationships, and source records for MERIT HEALTH MADISON.

Ownership receipt

What we can say clearly

MERIT HEALTH MADISON 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

MERIT HEALTH MADISON 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

See real prices near this facility →

Key sources

CMS owners

Financial assistance help

Bill Reduction Available

Dollar For lists this facility for hospital bill assistance. Eligibility depends on the hospital policy and patient circumstances.

Get bill help ↗

Control Map

This leads to this

reported ownership or operating chain

STATE OF MISSISSIPPI - UNIVERSITY OF MISSISSIPPI MEDICAL CENTERMERIT HEALTH MADISON

is associated with

JEFFREY GRIMSLEYMERIT HEALTH MADISON

owns an interest in

STATE OF MISSISSIPPI - UNIVERSITY OF MISSISSIPPI MEDICAL CENTERMERIT HEALTH MADISON

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 chainSTATE OF MISSISSIPPI - UNIVERSITY OF MISSISSIPPI MEDICAL CENTER → MERIT HEALTH MADISON

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

is associated withJEFFREY GRIMSLEY → MERIT HEALTH MADISON

W-2 MANAGING EMPLOYEE · associated 05/01/2025

owns an interest inSTATE OF MISSISSIPPI - UNIVERSITY OF MISSISSIPPI MEDICAL CENTER → MERIT HEALTH MADISON

5% OR GREATER DIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 05/01/2025

is associated withBRITTON PHELPS → MERIT HEALTH MADISON

W-2 MANAGING EMPLOYEE · associated 05/01/2025

is associated withDODIE MCELMURRAY → MERIT HEALTH MADISON

W-2 MANAGING EMPLOYEE · associated 05/01/2025

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	01/01/2023 to 12/31/2023	$38,614,212	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	$32,862,733	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	$35,812,471	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	$38,056,423	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	$33,270,023	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	$35,846,469	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	$941,902	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	-$2,100,797	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	$3,469,564	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	$25,767,692	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	$17,716,245	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	$20,979,131	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	$58,864,367	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	$51,754,822	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	$52,916,911	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	$57,978	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	$341,185	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	$105,861	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	165.2 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	159.18 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	169.09 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	67 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	67 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	67 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	4,780 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	4,681 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	4,696 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	1,106 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	902 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	839 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

Unavailable

Official facility URL

Download

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