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Reviewed 2026-06-22

PALMS BEHAVIORAL HEALTH

Ownership, control, relationships, and source records for PALMS BEHAVIORAL HEALTH.
Ownership receipt

What we can say clearly

PALMS BEHAVIORAL HEALTH 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

PALMS BEHAVIORAL HEALTH is listed in the April 3, 2026 PE hospital tracker and matches current CMS enrollment and owner records for STRATEGIC BH-BROWNSVILLE 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
Patient Square CapitalSBHC HOLDINGS LLC
reported ownership or operating chain
SBHC HOLDINGS LLCPALMS BEHAVIORAL HEALTH
governs
PAUL GILBERTPALMS BEHAVIORAL HEALTH

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
sponsorsPatient Square Capital → SBHC HOLDINGS LLC

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

reported ownership or operating chainSBHC HOLDINGS LLC → PALMS BEHAVIORAL HEALTH

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

governsPAUL GILBERT → PALMS BEHAVIORAL HEALTH

CORPORATE OFFICER · associated 04/10/2023

controls or managesPAUL GILBERT → PALMS BEHAVIORAL HEALTH

OPERATIONAL/MANAGERIAL CONTROL · associated 04/10/2023

is associated withPAUL GILBERT → PALMS BEHAVIORAL HEALTH

OTHER · associated 04/10/2023

owns an interest inSUMMIT BEHAVIORAL HOLDINGS I LLC → PALMS BEHAVIORAL HEALTH

5% OR GREATER DIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 12/31/2021

governsBRIAN WALTON → PALMS BEHAVIORAL HEALTH

CORPORATE OFFICER · 100% reported ownership · associated 03/03/2026

controls or managesBRIAN WALTON → PALMS BEHAVIORAL HEALTH

OPERATIONAL/MANAGERIAL CONTROL · 100% reported ownership · associated 03/03/2026

owns an interest inSUMMIT BEHAVIORAL HOLDINGS LLC → PALMS BEHAVIORAL HEALTH

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 12/31/2021

owns an interest inSUMMIT BEHAVIORAL HEALTHCARE LLC → PALMS BEHAVIORAL HEALTH

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 12/31/2021

owns an interest inSPERRY HOLDCO LLC → PALMS BEHAVIORAL HEALTH

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 01/03/2025

owns an interest inSBHC HOLDINGS LLC → PALMS BEHAVIORAL HEALTH

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 12/31/2021

owns an interest inPSC SPERRY BUYER LLC → PALMS BEHAVIORAL HEALTH

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 95.76% reported ownership · associated 12/31/2021

  • 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 Summit Behavioral Healthcare 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$16,955,511Hospital 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$13,215,901Hospital 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$11,154,705Hospital 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$18,262,418Hospital 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$14,468,038Hospital 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$13,047,293Hospital 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$3,740,288Hospital 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-$350,869Hospital 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-$535,635Hospital 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$7,457,455Hospital 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$7,083,707Hospital 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$14,062,219Hospital 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$4,068,038Hospital 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$7,434,578Hospital 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$1,099,788Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees01/01/2023 to 12/31/202398.58 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees01/01/2022 to 12/31/202298.58 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees01/01/2021 to 12/31/2021119.3 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds01/01/2023 to 12/31/202394 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds01/01/2022 to 12/31/202294 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds01/01/2021 to 12/31/202194 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days01/01/2023 to 12/31/202324,449 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days01/01/2022 to 12/31/202217,438 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days01/01/2021 to 12/31/202115,492 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges01/01/2023 to 12/31/20233,872 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges01/01/2022 to 12/31/20222,703 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges01/01/2021 to 12/31/20212,664 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: Summit Behavioral Healthcare.

Direct connection

Reported investment sponsor: Patient Square Capital.

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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