Blackstone→TeamHealth
Reviewed 2026-07-02
HIGHLANDS - CASHIERS HOSPITAL
Ownership, control, relationships, and source records for HIGHLANDS - CASHIERS HOSPITAL.Ownership receipt
What we can say clearly
The hospital's ownership path is separate from this warning. The warning reflects a documented service or staffing relationship with TeamHealth, backed by Blackstone. It is not a direct private-equity ownership claim.
- Finding
- PE-backed service contract
- Last reviewed
- 2026-07-02
- Evidence
- 11 cited sources
Documented warningPE-backed staffing or management contractor on site
HIGHLANDS - CASHIERS HOSPITAL has a completed North Carolina state-template dossier baseline with official identity, CMS enrollment/owner context when matched, CMS Care Compare point-in-time context when matched, HCRIS financial/utilization context when matched, and explicit limitations for missing fields. Unsupported ownership, compensation, labor, quality-trend, or causation claims are not inferred.
PE-backed service contract
Last verified Jun 2026
Last verified Jun 2026
Key sources
Financial assistance help
Bill Reduction Available
Dollar For lists this facility for hospital bill assistance. Eligibility depends on the hospital policy and patient circumstances.Closure risk
Immediate Risk of Closure
Control Map
This leads to this
TeamHealth→HIGHLANDS - CASHIERS HOSPITAL
HCA INC→HIGHLANDS - CASHIERS HOSPITAL
Evidence limits
Red color requiredCMS enrollment match used where available14 ownership sources checked11 total sources below
HIGHLANDS - CASHIERS HOSPITAL is shown with official-source baseline context for North Carolina. Missing fields remain visible instead of being inferred.
Review Note
Why this page is published
completed state-template official-source baseline
Publish state-template completion fields while preserving explicit unavailable/searched-not-found limitations.
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
Primary portfolio evidence identifies the contractor as a sponsor portfolio company.
This is a service contract, not an ownership transfer.
5% OR GREATER INDIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 02/01/2019
GENERAL PARTNERSHIP INTEREST · 1% reported ownership · associated 02/01/2019
CONTRACTED MANAGING EMPLOYEE · 0% reported ownership · associated 03/01/2021
5% OR GREATER INDIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 02/01/2019
W-2 MANAGING EMPLOYEE · 0% reported ownership · associated 03/01/2020
5% OR GREATER INDIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 02/01/2019
5% OR GREATER INDIRECT OWNERSHIP INTEREST · 19% reported ownership · associated 02/01/2019
5% OR GREATER INDIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 02/01/2019
5% OR GREATER DIRECT OWNERSHIP INTEREST · 99% reported ownership · associated 02/01/2019
LIMITED PARTNERSHIP INTEREST · 99% reported ownership · associated 02/01/2019
5% OR GREATER INDIRECT OWNERSHIP INTEREST · 10.07% reported ownership · associated 02/01/2019
5% OR GREATER INDIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 02/01/2019
- 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.
- A management or staffing contract is not hospital ownership.
Timeline
Ownership history and events
- CMS before/after ownership event
HIGHLANDS-CASHIERS HOSPITAL INC -> MH HIGHLANDS-CASHIERS MEDICAL CENTER, LLLP.
- manages
Valley Health announced a clinical staffing and management transition to SCP Health. This is not an ownership transfer.
- cms owner context
CMS Hospital All Owners rows are attached as current owner/control context. They do not by themselves prove private-equity sponsorship unless the row says so or another cited source supports it.
- operates
State-template baseline operator/owner context assembled from current hospital fields and matched official sources where available. This is not a new PE ownership claim.
Metrics
Financial and utilization series
| Metric | Period | Value | Method note |
|---|---|---|---|
| net patient revenue | 12/01/2022 to 11/30/2023 | $22,488,117 | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| net patient revenue | 12/01/2021 to 11/30/2022 | $19,010,905 | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| net patient revenue | 12/01/2020 to 11/30/2021 | $19,326,696 | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| net patient revenue | 12/01/2019 to 11/30/2020 | $14,844,457 | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| operating expense | 12/01/2022 to 11/30/2023 | $29,893,861 | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| operating expense | 12/01/2021 to 11/30/2022 | $26,585,781 | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| operating expense | 12/01/2020 to 11/30/2021 | $17,971,921 | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| operating expense | 12/01/2019 to 11/30/2020 | $24,116,861 | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| net income | 12/01/2022 to 11/30/2023 | -$7,021,454 | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| net income | 12/01/2021 to 11/30/2022 | -$7,331,596 | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| net income | 12/01/2020 to 11/30/2021 | $1,606,636 | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| net income | 12/01/2019 to 11/30/2020 | -$9,020,744 | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| total assets | 12/01/2022 to 11/30/2023 | $27,602,392 | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| total assets | 12/01/2021 to 11/30/2022 | $22,667,866 | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| total assets | 12/01/2020 to 11/30/2021 | $18,078,982 | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| total assets | 12/01/2019 to 11/30/2020 | $10,845,245 | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| total liabilities | 12/01/2022 to 11/30/2023 | $37,638,560 | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| total liabilities | 12/01/2021 to 11/30/2022 | $25,682,583 | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| total liabilities | 12/01/2020 to 11/30/2021 | $13,762,096 | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| total liabilities | 12/01/2019 to 11/30/2020 | $8,481,427 | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| fte employees | 12/01/2022 to 11/30/2023 | 83.67 FTE | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| fte employees | 12/01/2021 to 11/30/2022 | 79.49 FTE | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| fte employees | 12/01/2020 to 11/30/2021 | 83.85 FTE | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| fte employees | 12/01/2019 to 11/30/2020 | 129.51 FTE | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| beds | 12/01/2022 to 11/30/2023 | 24 beds | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| beds | 12/01/2021 to 11/30/2022 | 24 beds | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| beds | 12/01/2020 to 11/30/2021 | 24 beds | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| beds | 12/01/2019 to 11/30/2020 | 24 beds | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| patient days | 12/01/2022 to 11/30/2023 | 4,554 days | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| patient days | 12/01/2021 to 11/30/2022 | 3,706 days | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| patient days | 12/01/2020 to 11/30/2021 | 3,288 days | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| patient days | 12/01/2019 to 11/30/2020 | 2,699 days | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| discharges | 12/01/2022 to 11/30/2023 | 608 discharges | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| discharges | 12/01/2021 to 11/30/2022 | 481 discharges | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| discharges | 12/01/2020 to 11/30/2021 | 485 discharges | Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied. |
| discharges | 12/01/2019 to 11/30/2020 | 139 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
CMS corroborates an enrolled ownership chain, but its owner names do not independently reproduce every sponsor or portfolio-company name from the tracker.
The documented relationship is a clinical service contract. Valley Health remains a nonprofit system; this is not an ownership claim.
This five-state template completion pass used official cached CMS/HIFLD/PESP/HCRIS sources and records missing items; it does not claim the entire internet was exhausted.
Precise acquisition date
Official facility URL
source-backed local CEO/current leader
official CEO image URL
facility-level CEO compensation amount
SCP Health is the announced clinical staffing and management contractor.
Onex identifies SCP Health as a portfolio company.
Operator/owner context: TeamHealth.
CMS Care Compare ownership category: Voluntary non-profit - Private.
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.
- 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.
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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 ServicesreportingVirginia system consolidates physician management, closes observation unitBecker's Hospital ReviewprimarySCP Health portfolio profileOnexprimaryJoint statement on due process, transparency, and due diligence in emergency medicine contractingACEP and VACEPgovernmentHospital Change of OwnershipCenters for Medicare & Medicaid Services