PE Healthcare WatchEvidence behind healthcare control

Reviewed 2026-06-22

BAILEY MEDICAL CENTER, LLC

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

What we can say clearly

BAILEY MEDICAL CENTER, LLC 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

BAILEY MEDICAL CENTER, LLC is listed in the April 3, 2026 PE hospital tracker and matches current CMS enrollment and owner records for BAILEY 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
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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 ManagementBAILEY MEDICAL CENTER, LLC
owns an interest in
ARDENT HEALTH INCBAILEY MEDICAL CENTER, LLC

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 InvestmentsAHS Management

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

reported ownership or operating chainAHS ManagementBAILEY MEDICAL CENTER, LLC

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

owns an interest inARDENT HEALTH INCBAILEY MEDICAL CENTER, LLC

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 08/01/2015

controls or managesJEFFREY JOHNSTONBAILEY MEDICAL CENTER, LLC

OPERATIONAL/MANAGERIAL CONTROL · 100% reported ownership · associated 10/01/2025

owns an interest inAHS OKLAHOMA, LLCBAILEY MEDICAL CENTER, LLC

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

governsMARTIN BONICKBAILEY MEDICAL CENTER, LLC

CORPORATE OFFICER · 0% reported ownership · associated 08/13/2020

owns an interest inAHS HILLCREST HEALTHCARE SYSTEM LLCBAILEY MEDICAL CENTER, LLC

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 02/06/2009

governsMARY CRABTREEBAILEY MEDICAL CENTER, LLC

CORPORATE OFFICER · 0% reported ownership · associated 09/01/2021

governsMARY CRABTREEBAILEY MEDICAL CENTER, LLC

CORPORATE DIRECTOR · associated 10/31/2006

controls or managesAHS MANAGEMENT COMPANY INC.BAILEY MEDICAL CENTER, LLC

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

governsSTEPHEN PETROVICHBAILEY MEDICAL CENTER, LLC

CORPORATE OFFICER · associated 10/31/2006

governsSTEPHEN PETROVICHBAILEY MEDICAL CENTER, LLC

CORPORATE DIRECTOR · associated 10/31/2006

owns an interest inARDENT LEGACY HOLDINGS LLCBAILEY MEDICAL CENTER, LLC

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

owns an interest inAHP HEALTH PARTNERS, INCBAILEY MEDICAL CENTER, LLC

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 02/25/2016

  • 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 revenue01/01/2023 to 12/31/2023$60,118,136Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue01/01/2022 to 12/31/2022$54,616,349Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue01/01/2021 to 12/31/2021$57,588,260Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense01/01/2023 to 12/31/2023$51,339,779Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense01/01/2022 to 12/31/2022$47,354,216Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense01/01/2021 to 12/31/2021$45,081,075Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income01/01/2023 to 12/31/2023$10,830,445Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income01/01/2022 to 12/31/2022$9,167,020Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income01/01/2021 to 12/31/2021$14,038,381Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets01/01/2023 to 12/31/2023$14,858,944Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets01/01/2022 to 12/31/2022$11,310,670Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets01/01/2021 to 12/31/2021$11,223,428Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities01/01/2023 to 12/31/2023-$62,745,222Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities01/01/2022 to 12/31/2022-$55,761,063Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities01/01/2021 to 12/31/2021-$46,681,284Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care01/01/2018 to 12/31/2018$482,518Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care01/01/2017 to 12/31/2017$71,120Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care01/01/2016 to 12/31/2016$223,633Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees01/01/2023 to 12/31/2023207.11 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees01/01/2022 to 12/31/2022212.06 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees01/01/2021 to 12/31/2021223.81 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds01/01/2023 to 12/31/202333 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds01/01/2022 to 12/31/202233 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds01/01/2021 to 12/31/202173 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days01/01/2023 to 12/31/20234,258 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days01/01/2022 to 12/31/20222,970 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days01/01/2021 to 12/31/20213,398 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges01/01/2023 to 12/31/20232,263 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges01/01/2022 to 12/31/20221,322 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges01/01/2021 to 12/31/20211,464 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
Direct connection

Reported parent system or portfolio company: Ardent Health Services.

Direct connection

Reported investment sponsor: Equity Group Investments.

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Sources

Evidence and source documents