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Reviewed 2026-06-22

LOVELACE MEDICAL CENTER

Ownership, control, relationships, and source records for LOVELACE MEDICAL CENTER.
Ownership receipt

What we can say clearly

LOVELACE MEDICAL CENTER is marked red because reviewed ownership records connect the facility to private-equity ownership or control. The detailed chain and source links are below.

Finding
CMS-corroborated PE ownership record
Last reviewed
2026-06-22
Evidence
6 cited sources
Documented warningOwned or controlled by private equity

LOVELACE MEDICAL CENTER is listed in the April 3, 2026 PE hospital tracker and matches current CMS enrollment and owner records for LOVELACE HEALTH SYSTEM LLC. The dossier distinguishes the enrolled legal owner from the broader sponsor and portfolio-company chain.

CMS-corroborated PE ownership record
Last verified Jun 2026
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Key sources

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Control Map

This leads to this

sponsors
Equity Group InvestmentsAHS Management
reported ownership or operating chain
AHS ManagementLOVELACE MEDICAL CENTER
owns an interest in
ARDENT HEALTH INCLOVELACE MEDICAL CENTER

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
sponsorsEquity Group Investments → AHS Management

The tracker supplies the sponsor-to-platform attribution; CMS does not independently reproduce every sponsor name.

reported ownership or operating chainAHS Management → LOVELACE MEDICAL CENTER

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

owns an interest inARDENT HEALTH INC → LOVELACE MEDICAL CENTER

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 08/04/2015

governsMARTIN BONICK → LOVELACE MEDICAL CENTER

CORPORATE OFFICER · 0% reported ownership · associated 08/20/2020

governsMARY CRABTREE → LOVELACE MEDICAL CENTER

CORPORATE OFFICER · 0% reported ownership · associated 03/01/2014

controls or managesAHS MANAGEMENT COMPANY INC. → LOVELACE MEDICAL CENTER

OPERATIONAL/MANAGERIAL CONTROL · associated 02/22/2019

governsSTEPHEN PETROVICH → LOVELACE MEDICAL CENTER

CORPORATE OFFICER · associated 10/24/2003

governsMATT MAXFIELD → LOVELACE MEDICAL CENTER

CORPORATE OFFICER · 100% reported ownership · associated 12/01/2022

is associated withMATT MAXFIELD → LOVELACE MEDICAL CENTER

W-2 MANAGING EMPLOYEE · 100% reported ownership · associated 12/01/2022

owns an interest inARDENT LEGACY HOLDINGS LLC → LOVELACE MEDICAL CENTER

5% OR GREATER DIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 08/14/2015

owns an interest inAHP HEALTH PARTNERS, INC → LOVELACE MEDICAL CENTER

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 02/09/2017

  • CMS owner rows establish enrolled legal ownership or control roles; they do not always name the ultimate financial sponsor.
  • Sponsor and portfolio-company labels come from the cited tracker or primary portfolio evidence.

Timeline

Ownership history and events

  1. Acquisition date reported

    Date supplied by the April 3, 2026 PE hospital tracker snapshot.

  2. owns

    The tracker identifies Ardent Health Services in the PE ownership chain, and CMS supplies current enrolled-owner records for the facility.

Metrics

Financial and utilization series

MetricPeriodValueMethod note
net patient revenue03/01/2023 to 02/29/2024$337,187,248Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue03/01/2022 to 02/28/2023$338,364,899Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue03/01/2021 to 02/28/2022$349,618,151Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense03/01/2023 to 02/29/2024$371,576,725Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense03/01/2022 to 02/28/2023$376,240,952Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense03/01/2021 to 02/28/2022$347,047,274Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income03/01/2023 to 02/29/2024-$27,285,492Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income03/01/2022 to 02/28/2023-$30,032,868Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income03/01/2021 to 02/28/2022$17,529,821Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets03/01/2023 to 02/29/2024$85,128,495Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets03/01/2022 to 02/28/2023$79,513,124Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets03/01/2021 to 02/28/2022$82,197,891Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities03/01/2023 to 02/29/2024$74,894,650Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities03/01/2022 to 02/28/2023$41,993,788Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities03/01/2021 to 02/28/2022$14,645,695Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care03/01/2023 to 02/29/2024$3,833,399Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care03/01/2022 to 02/28/2023$41,824,848Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care03/01/2021 to 02/28/2022$15,337,201Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees03/01/2023 to 02/29/20241,817.45 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees03/01/2022 to 02/28/20231,908.01 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees03/01/2021 to 02/28/20221,143.5 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds03/01/2023 to 02/29/2024286 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds03/01/2022 to 02/28/2023286 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds03/01/2021 to 02/28/2022286 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days03/01/2023 to 02/29/202463,252 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days03/01/2022 to 02/28/202365,763 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days03/01/2021 to 02/28/202267,915 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges03/01/2023 to 02/29/202411,334 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges03/01/2022 to 02/28/202311,563 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges03/01/2021 to 02/28/202212,602 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
Unavailable

Official facility URL

Direct connection

Reported parent system or portfolio company: Ardent Health Services.

Direct connection

Reported investment sponsor: Equity Group Investments.

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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