Reviewed 2026-06-22

HILLCREST MEDICAL CENTER

Ownership, control, relationships, and source records for HILLCREST MEDICAL CENTER.

Ownership receipt

What we can say clearly

HILLCREST 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

HILLCREST MEDICAL CENTER is listed in the April 3, 2026 PE hospital tracker and matches current CMS enrollment and owner records for AHS HILLCREST MEDICAL CENTER, 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

See real prices near this facility →

Key sources

CMS owners

Financial assistance help

Not confirmed

We have not confirmed a Dollar For listing for this facility. This does not mean financial assistance is unavailable.

Control Map

This leads to this

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 → HILLCREST 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 → HILLCREST MEDICAL CENTER

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 07/01/2019

is associated withJEFFREY JOHNSTON → HILLCREST MEDICAL CENTER

W-2 MANAGING EMPLOYEE · 100% reported ownership · associated 09/01/2025

owns an interest inAHS OKLAHOMA, LLC → HILLCREST MEDICAL CENTER

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 07/01/2019

governsMARTIN BONICK → HILLCREST MEDICAL CENTER

CORPORATE OFFICER · 0% reported ownership · associated 08/19/2020

owns an interest inAHS HILLCREST HEALTHCARE SYSTEM LLC → HILLCREST MEDICAL CENTER

5% OR GREATER INDIRECT OWNERSHIP INTEREST · associated 02/06/2009

governsMARY CRABTREE → HILLCREST MEDICAL CENTER

CORPORATE OFFICER · associated 08/01/2004

controls or managesAHS MANAGEMENT COMPANY INC. → HILLCREST MEDICAL CENTER

OPERATIONAL/MANAGERIAL CONTROL · 100% reported ownership · associated 07/01/2019

governsSTEPHEN PETROVICH → HILLCREST MEDICAL CENTER

CORPORATE DIRECTOR · associated 08/01/2004

owns an interest inARDENT LEGACY HOLDINGS LLC → HILLCREST MEDICAL CENTER

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

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

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 01/01/2019

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.

Timeline

Ownership history and events

August 2015
Acquisition date reported
Date supplied by the April 3, 2026 PE hospital tracker snapshot.
August 2015
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

Metric	Period	Value	Method note
net patient revenue	07/01/2023 to 06/30/2024	$635,743,779	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue	07/01/2022 to 06/30/2023	$590,106,064	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue	07/01/2021 to 06/30/2022	$563,802,300	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense	07/01/2023 to 06/30/2024	$621,419,919	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense	07/01/2022 to 06/30/2023	$609,721,338	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense	07/01/2021 to 06/30/2022	$553,298,750	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income	07/01/2023 to 06/30/2024	$18,129,722	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income	07/01/2022 to 06/30/2023	$2,009,610	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income	07/01/2021 to 06/30/2022	$37,126,917	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets	07/01/2023 to 06/30/2024	$164,622,513	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets	07/01/2022 to 06/30/2023	$145,820,389	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets	07/01/2021 to 06/30/2022	$131,493,446	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities	07/01/2023 to 06/30/2024	-$9,566,119	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities	07/01/2022 to 06/30/2023	$10,554,708	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities	07/01/2021 to 06/30/2022	-$1,762,622	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care	07/01/2023 to 06/30/2024	$18,199,034	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care	07/01/2022 to 06/30/2023	$18,498,562	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care	07/01/2021 to 06/30/2022	$27,745,404	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees	07/01/2023 to 06/30/2024	1,934.47 FTE	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees	07/01/2022 to 06/30/2023	1,963.59 FTE	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees	07/01/2021 to 06/30/2022	1,934.46 FTE	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds	07/01/2023 to 06/30/2024	448 beds	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds	07/01/2022 to 06/30/2023	424 beds	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds	07/01/2021 to 06/30/2022	424 beds	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days	07/01/2023 to 06/30/2024	120,506 days	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days	07/01/2022 to 06/30/2023	117,038 days	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days	07/01/2021 to 06/30/2022	114,055 days	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges	07/01/2023 to 06/30/2024	23,384 discharges	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges	07/01/2022 to 06/30/2023	19,365 discharges	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges	07/01/2021 to 06/30/2022	18,989 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

Direct connection

Reported parent system or portfolio company: Ardent Health Services.

Direct connection

Reported investment sponsor: Equity Group Investments.

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