PE Healthcare WatchEvidence behind healthcare control
💲 What should it cost?CorrectionsSupport research

Reviewed 2026-06-22

WATERTOWN MEMORIAL HOSPITAL

Ownership, control, relationships, and source records for WATERTOWN MEMORIAL HOSPITAL.
Ownership receipt

What we can say clearly

WATERTOWN MEMORIAL HOSPITAL 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

WATERTOWN MEMORIAL HOSPITAL is listed in the April 3, 2026 PE hospital tracker and matches current CMS enrollment and owner records for WATERTOWN 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

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
Apollo Global ManagementScionHealth
reported ownership or operating chain
ScionHealthWATERTOWN MEMORIAL HOSPITAL
controls or manages
KINDRED HEALTHCARE OPERATING LLCWATERTOWN MEMORIAL HOSPITAL

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
sponsorsApollo Global Management → ScionHealth

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

reported ownership or operating chainScionHealth → WATERTOWN MEMORIAL HOSPITAL

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

controls or managesKINDRED HEALTHCARE OPERATING LLC → WATERTOWN MEMORIAL HOSPITAL

OPERATIONAL/MANAGERIAL CONTROL · associated 12/23/2021

owns an interest inWATERTOWN PARTNER LLC → WATERTOWN MEMORIAL HOSPITAL

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 80% reported ownership · associated 05/01/2015

governsBRIAN CRAVEN → WATERTOWN MEMORIAL HOSPITAL

CORPORATE OFFICER · 0% reported ownership · associated 04/12/2022

is associated withJACQUELYN DAVIS → WATERTOWN MEMORIAL HOSPITAL

CONTRACTED MANAGING EMPLOYEE · associated 12/16/2023

governsSCOTT GRAESER → WATERTOWN MEMORIAL HOSPITAL

CORPORATE OFFICER · 0% reported ownership · associated 08/19/2022

governsDANA ROCK → WATERTOWN MEMORIAL HOSPITAL

CORPORATE OFFICER · 0% reported ownership · associated 12/09/2024

governsJOHNETTA TRAYLOR → WATERTOWN MEMORIAL HOSPITAL

CORPORATE OFFICER · 0% reported ownership · associated 12/09/2024

owns an interest inGREATER WATERTOWN COMMUNITY HEALTH FOUNDATION INC → WATERTOWN MEMORIAL HOSPITAL

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 20% reported ownership · associated 09/01/2015

owns an interest inKNIGHT HEALTH HOLDINGS LLC → WATERTOWN MEMORIAL HOSPITAL

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 80% reported ownership · associated 12/23/2021

governsMICHAEL BEAN → WATERTOWN MEMORIAL HOSPITAL

CORPORATE OFFICER · associated 01/21/2022

owns an interest inKNIGHT INTERMEDIATE HOLDINGS LLC → WATERTOWN MEMORIAL HOSPITAL

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 80% reported ownership · associated 12/23/2021

is associated withRICHARD KEDDINGTON → WATERTOWN MEMORIAL HOSPITAL

CONTRACTED MANAGING EMPLOYEE · associated 09/14/2015

owns an interest inKNIGHT HEALTH II, LLC → WATERTOWN MEMORIAL HOSPITAL

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 80% reported ownership · associated 12/23/2021

owns an interest inKNIGHT HEALTHCARE NEW-D, LLC → WATERTOWN MEMORIAL HOSPITAL

5% OR GREATER INDIRECT OWNERSHIP INTEREST · 80% reported ownership · associated 12/23/2021

owns an interest inWATERTOWN HOLDING COMPANY LLC → WATERTOWN MEMORIAL HOSPITAL

5% OR GREATER DIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 05/01/2015

  • 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. owns

    The tracker identifies ScionHealth in the PE ownership chain, and CMS supplies current enrolled-owner records for the facility.

Metrics

Financial and utilization series

MetricPeriodValueMethod note
net patient revenue09/01/2023 to 08/31/2024$108,246,956Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue09/01/2022 to 08/31/2023$102,366,317Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue09/01/2021 to 08/31/2022$107,519,051Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense09/01/2023 to 08/31/2024$107,404,512Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense09/01/2022 to 08/31/2023$124,284,412Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense09/01/2021 to 08/31/2022$105,990,925Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income09/01/2023 to 08/31/2024$3,695,363Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income09/01/2022 to 08/31/2023-$19,811,181Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income09/01/2021 to 08/31/2022$4,622,635Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets09/01/2023 to 08/31/2024$67,144,611Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets09/01/2022 to 08/31/2023$70,943,678Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets09/01/2021 to 08/31/2022$68,313,986Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities09/01/2023 to 08/31/2024-$10,529,398Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities09/01/2022 to 08/31/2023-$39,275,114Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities09/01/2021 to 08/31/2022$19,487,811Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care09/01/2023 to 08/31/2024$344,661Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care09/01/2022 to 08/31/2023$1,441,330Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care09/01/2020 to 08/31/2021$1,028,971Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees09/01/2023 to 08/31/2024492.56 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees09/01/2022 to 08/31/2023500.38 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees09/01/2021 to 08/31/2022510.74 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds09/01/2023 to 08/31/202476 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds09/01/2022 to 08/31/202376 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds09/01/2021 to 08/31/202276 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days09/01/2023 to 08/31/20246,114 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days09/01/2022 to 08/31/20236,425 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days09/01/2021 to 08/31/20227,165 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges09/01/2023 to 08/31/20242,011 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges09/01/2022 to 08/31/20232,002 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges09/01/2021 to 08/31/20222,038 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.

Unavailable

Precise acquisition date

Unavailable

Official facility URL

Direct connection

Reported parent system or portfolio company: ScionHealth.

Direct connection

Reported investment sponsor: Apollo Global Management.

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 Services