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Reviewed 2026-06-22

VALLEY HEALTH SHENANDOAH MEMORIAL HOSPITAL

Ownership, control, relationships, and source records for VALLEY HEALTH SHENANDOAH MEMORIAL 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 SCP Health, backed by Onex Partners. It is not a direct private-equity ownership claim.

Finding
PE-backed service contract
Last reviewed
2026-06-22
Evidence
9 cited sources
Documented warningPE-backed staffing or management contractor on site

VALLEY HEALTH SHENANDOAH MEMORIAL HOSPITAL is part of the Valley Health case. The documented PE relationship is a clinical staffing or management contract with SCP Health, an Onex portfolio company; it is not a sale of the hospital.

PE-backed service contract
Last verified Jun 2026
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Key sources

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

sponsors
Onex PartnersSHENANDOAH MEMORIAL HOSPITAL, INC.
manages or staffs under contract
SHENANDOAH MEMORIAL HOSPITAL, INC.VALLEY HEALTH SHENANDOAH MEMORIAL HOSPITAL
is associated with
JILL CHAMBERSVALLEY HEALTH SHENANDOAH MEMORIAL HOSPITAL

Evidence limits

Red color requiredCCN exact match3 ownership sources checked9 total sources below

Review Note

Why this page is published

primary-source contract documentation

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
sponsorsOnex Partners → SHENANDOAH MEMORIAL HOSPITAL, INC.

Primary portfolio evidence identifies the contractor as a sponsor portfolio company.

manages or staffs under contractSHENANDOAH MEMORIAL HOSPITAL, INC. → VALLEY HEALTH SHENANDOAH MEMORIAL HOSPITAL

This is a service contract, not an ownership transfer.

is associated withJILL CHAMBERS → VALLEY HEALTH SHENANDOAH MEMORIAL HOSPITAL

W-2 MANAGING EMPLOYEE · associated 09/01/2017

governsTHOMAS KLUGE → VALLEY HEALTH SHENANDOAH MEMORIAL HOSPITAL

CORPORATE OFFICER · associated 01/21/2021

  • 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.
  • A management or staffing contract is not hospital ownership.

Timeline

Ownership history and events

  1. manages

    Valley Health announced a clinical staffing and management transition to SCP Health. This is not an ownership transfer.

Metrics

Financial and utilization series

MetricPeriodValueMethod note
net patient revenue01/01/2023 to 12/31/2023$85,466,156Hospital 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$78,230,257Hospital 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$72,305,322Hospital 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$75,198,497Hospital 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$72,308,116Hospital 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$68,359,581Hospital 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$20,279,568Hospital 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$5,514,331Hospital 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$12,037,058Hospital 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$132,980,021Hospital 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$122,262,284Hospital 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$118,984,128Hospital 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$32,760,142Hospital 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$25,173,360Hospital 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$33,639,777Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees01/01/2023 to 12/31/2023290.17 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees01/01/2022 to 12/31/2022239.59 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees01/01/2021 to 12/31/2021247.52 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds01/01/2023 to 12/31/202325 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds01/01/2022 to 12/31/202225 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds01/01/2021 to 12/31/202125 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days01/01/2023 to 12/31/20237,120 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days01/01/2022 to 12/31/20226,625 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days01/01/2021 to 12/31/20216,135 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges01/01/2023 to 12/31/20231,366 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges01/01/2022 to 12/31/20221,239 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges01/01/2021 to 12/31/20211,159 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
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 documented relationship is a clinical service contract. Valley Health remains a nonprofit system; this is not an ownership claim.

Unavailable

Precise acquisition date

Direct connection

SCP Health is the announced clinical staffing and management contractor.

Direct connection

Onex identifies SCP Health as a portfolio company.

Download

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 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 VACEP