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Reviewed 2026-06-22

COVENANT HEALTH HOBBS HOSPITAL

Ownership, control, relationships, and source records for COVENANT HEALTH HOBBS HOSPITAL.
Ownership receipt

What we can say clearly

COVENANT HEALTH HOBBS 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

COVENANT HEALTH HOBBS 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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Closure risk

Immediate Risk of Closure

Control Map

This leads to this

reported ownership or operating chain
ProvidenceCOVENANT HEALTH HOBBS HOSPITAL
governs
KATHLEEN BURRELLCOVENANT HEALTH HOBBS HOSPITAL
governs
DERRICK JONESCOVENANT HEALTH HOBBS 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 chainProvidence → COVENANT HEALTH HOBBS HOSPITAL

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

governsKATHLEEN BURRELL → COVENANT HEALTH HOBBS HOSPITAL

CORPORATE OFFICER · associated 03/01/2023

governsDERRICK JONES → COVENANT HEALTH HOBBS HOSPITAL

CORPORATE OFFICER · associated 03/10/2025

governsJOSEPH COTTON → COVENANT HEALTH HOBBS HOSPITAL

CORPORATE DIRECTOR · associated 08/26/2021

governsCLAY SCHNEITER → COVENANT HEALTH HOBBS HOSPITAL

CORPORATE DIRECTOR · associated 01/01/2025

governsJOEL WHITE → COVENANT HEALTH HOBBS HOSPITAL

CORPORATE DIRECTOR · associated 01/01/2024

controls or managesPROVIDENCE HEALTH & SERVICES - WASHINGTON → COVENANT HEALTH HOBBS HOSPITAL

OPERATIONAL/MANAGERIAL CONTROL · associated 01/01/2021

owns an interest inCOVENANT HEALTH SYSTEM → COVENANT HEALTH HOBBS HOSPITAL

5% OR GREATER DIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 01/01/2021

governsCORA RIVERA → COVENANT HEALTH HOBBS HOSPITAL

CORPORATE OFFICER · associated 10/31/2023

is associated withLUBBOCK METHODIST HOSPITAL SYSTEM → COVENANT HEALTH HOBBS HOSPITAL

OTHER · 43% reported ownership · associated 01/01/2021

governsREBECCA TITUS → COVENANT HEALTH HOBBS HOSPITAL

CORPORATE DIRECTOR · associated 01/01/2025

governsROSA CARRILLO → COVENANT HEALTH HOBBS HOSPITAL

CORPORATE DIRECTOR · associated 08/26/2021

governsALFREDO TURRUBIATES → COVENANT HEALTH HOBBS HOSPITAL

CORPORATE DIRECTOR · associated 01/01/2024

governsDONALD ANDERSON → COVENANT HEALTH HOBBS HOSPITAL

CORPORATE OFFICER · associated 01/01/2021

governsGREGORY HOFFMAN → COVENANT HEALTH HOBBS HOSPITAL

CORPORATE OFFICER · associated 01/01/2023

governsJOSHUA GRASSHAM → COVENANT HEALTH HOBBS HOSPITAL

CORPORATE DIRECTOR · associated 08/26/2021

governsCARABETH MOORE → COVENANT HEALTH HOBBS HOSPITAL

CORPORATE DIRECTOR · associated 01/01/2024

  • 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 revenue07/01/2023 to 06/30/2024$37,851,874Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue07/01/2022 to 06/30/2023$31,802,204Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue07/01/2021 to 06/30/2022$44,283,469Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense07/01/2023 to 06/30/2024$71,133,177Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense07/01/2022 to 06/30/2023$50,141,966Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense07/01/2021 to 06/30/2022$50,354,863Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income07/01/2023 to 06/30/2024-$32,199,804Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income07/01/2022 to 06/30/2023-$17,746,879Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income07/01/2021 to 06/30/2022-$6,257,880Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets07/01/2023 to 06/30/2024$7,166,487Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets07/01/2022 to 06/30/2023$26,617,229Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets07/01/2021 to 06/30/2022-$1,409,245Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities07/01/2023 to 06/30/2024$21,766,704Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities07/01/2022 to 06/30/2023$15,971,723Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities07/01/2021 to 06/30/2022$6,399,993Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care07/01/2023 to 06/30/2024$2,240,527Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care07/01/2022 to 06/30/2023$5,902,701Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care07/01/2021 to 06/30/2022$8,723,693Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees07/01/2023 to 06/30/2024142.27 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees07/01/2022 to 06/30/2023134.18 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees07/01/2021 to 06/30/2022139.17 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds07/01/2023 to 06/30/202425 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds07/01/2022 to 06/30/202334 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds07/01/2021 to 06/30/202261 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days07/01/2023 to 06/30/20243,363 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days07/01/2022 to 06/30/20233,303 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days07/01/2021 to 06/30/20225,693 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges07/01/2023 to 06/30/20241,026 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges07/01/2022 to 06/30/20231,105 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges07/01/2021 to 06/30/20221,979 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

Closure-risk evidence

Estimate method and source limits

CHQPR published May 2026 state totals and hospital financial tables, but not a named risk list. This is an estimated crosswalk and does not change the ownership/control status shown above.

Risk estimateImmediate Risk of Closure
Website identity linkExact CMS match
2-year patient-service margin-$18,151,493
2-year total margin-$18,492,820
Estimated reserve runway0.0 years
  • CHQPR May 2026 state totals for rural hospitals at risk and at immediate risk.Does not prove: CHQPR does not identify this hospital by name as being in either risk group.
  • The hospital financial values used for the within-state estimate.Does not prove: The exact unpublished CHQPR risk classification or future closure.
  • The CHQPR hospital name, city, state, and payment-type context.Does not prove: Identity linkage to the website where the name match remains unresolved.
Open the full closure-risk evidence reviewCHQPR state totals ↗CHQPR financial table ↗

Download

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