Reviewed 2026-06-22

CHEROKEE MEDICAL CENTER

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

Ownership receipt

What we can say clearly

CHEROKEE MEDICAL CENTER 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

CHEROKEE MEDICAL CENTER 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

CMS owners

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Control Map

This leads to this

reported ownership or operating chain

APELLA HEALTH MANAGEMENT INCCHEROKEE MEDICAL CENTER

is associated with

CODY BUTTSCHEROKEE MEDICAL CENTER

controls or manages

APELLA HEALTH MANAGEMENT INCCHEROKEE 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

reported ownership or operating chainAPELLA HEALTH MANAGEMENT INC → CHEROKEE MEDICAL CENTER

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

is associated withCODY BUTTS → CHEROKEE MEDICAL CENTER

CONTRACTED MANAGING EMPLOYEE · associated 01/01/2019

controls or managesAPELLA HEALTH MANAGEMENT INC → CHEROKEE MEDICAL CENTER

OPERATIONAL/MANAGERIAL CONTROL · associated 01/01/2019

governsELMER HOLSTIEN → CHEROKEE MEDICAL CENTER

CORPORATE OFFICER · associated 08/01/2011

controls or managesELMER HOLSTIEN → CHEROKEE MEDICAL CENTER

OPERATIONAL/MANAGERIAL CONTROL · associated 08/01/2011

owns an interest inSPARTANBURG REGIONAL HEALTH SERVICES DISTRICT INC → CHEROKEE MEDICAL CENTER

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

is associated withCHARLES MORROW → CHEROKEE MEDICAL CENTER

W-2 MANAGING EMPLOYEE · associated 12/04/2023

controls or managesCHARLES MORROW → CHEROKEE MEDICAL CENTER

OPERATIONAL/MANAGERIAL CONTROL · associated 12/04/2023

governsBRUCE DAVIS → CHEROKEE MEDICAL CENTER

CORPORATE OFFICER · associated 01/25/2020

is associated withBRUCE DAVIS → CHEROKEE MEDICAL CENTER

W-2 MANAGING EMPLOYEE · associated 01/25/2020

controls or managesBRUCE DAVIS → CHEROKEE MEDICAL CENTER

OPERATIONAL/MANAGERIAL CONTROL · associated 01/25/2020

CMS owner rows establish enrolled legal ownership or control roles; they do not always name the ultimate financial sponsor.

Timeline

Ownership history and events

Current / undated
venture backing
undefined is reported as an investment backer; this is not treated as a completed ownership claim.

Metrics

Financial and utilization series

Metric	Period	Value	Method note
net patient revenue	10/01/2022 to 09/30/2023	$60,139,393	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue	10/01/2021 to 09/30/2022	$61,217,478	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue	10/01/2020 to 09/30/2021	$72,623,590	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense	10/01/2022 to 09/30/2023	$58,627,221	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense	10/01/2021 to 09/30/2022	$56,155,566	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense	10/01/2020 to 09/30/2021	$70,382,065	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income	10/01/2022 to 09/30/2023	$2,854,153	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income	10/01/2021 to 09/30/2022	$6,678,570	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income	10/01/2020 to 09/30/2021	$3,574,897	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets	10/01/2022 to 09/30/2023	$24,794,959	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets	10/01/2021 to 09/30/2022	$23,673,419	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets	10/01/2020 to 09/30/2021	$18,672,000	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities	10/01/2022 to 09/30/2023	$7,123,369	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities	10/01/2021 to 09/30/2022	$5,916,381	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities	10/01/2020 to 09/30/2021	$2,671,000	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care	10/01/2022 to 09/30/2023	$3,136,921	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care	10/01/2021 to 09/30/2022	$1,859,990	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care	10/01/2020 to 09/30/2021	$692,583	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees	10/01/2022 to 09/30/2023	197.08 FTE	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees	10/01/2021 to 09/30/2022	200.71 FTE	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees	10/01/2020 to 09/30/2021	243.49 FTE	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds	10/01/2022 to 09/30/2023	24 beds	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds	10/01/2021 to 09/30/2022	25 beds	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds	10/01/2020 to 09/30/2021	31 beds	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days	10/01/2022 to 09/30/2023	4,786 days	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days	10/01/2021 to 09/30/2022	4,472 days	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days	10/01/2020 to 09/30/2021	5,026 days	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges	10/01/2022 to 09/30/2023	1,210 discharges	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges	10/01/2021 to 09/30/2022	1,056 discharges	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges	10/01/2020 to 09/30/2021	1,211 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

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

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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