Skip to content
Back to search

Is ScionHealth Owned by Private Equity?

Yes — ScionHealth is owned by Apollo Global Management, which acquired it in 2021.

PRIVATE EQUITY OWNED

ScionHealth

Includes Kindred Healthcare, Kindred, Kindred Hospital

hospitals · Louisville, KY

Year Acquired
2021

Apollo controls about 220 hospitals across two chains. Its ScionHealth chain closed three of them in early 2025 as Moody's warned the next default was coming.

What They Did

  1. ScionHealth was carved out in late 2021 when Apollo's LifePoint Health swallowed Kindred Healthcare, leaving the new chain with 79 hospital campuses in 25 states — combined, Apollo's two hospital companies control roughly 220 hospitals across 36 states with about 75,000 employees
  2. In early 2025, ScionHealth permanently closed three hospitals — Kindred Hospital Sycamore in Sycamore, Illinois, Kindred Hospital Lakeshore in Chicago, and Kindred Hospital Bay Area in Tampa
  3. Moody's rated ScionHealth at very high risk of default in early 2025, noting the company had just pushed through a distressed debt swap to dodge one default and would likely face another
  4. A January 2024 report by the Private Equity Stakeholder Project documented service cuts, layoffs, poor quality ratings, and regulatory investigations across Apollo's hospitals, while a bipartisan Senate Budget Committee investigation put PE hospital ownership under the microscope

Since the Acquisition

  • About 300 hospital workers lost their jobs when three hospitals were permanently shuttered in early 2025
  • Communities in Illinois and Tampa lost critical long-term acute care capacity, forcing patients with complex medical needs to find alternatives further from home
  • A PESP report documented chronic understaffing across Apollo's hospitals, with nurses managing far more patients than safety guidelines recommend

Sources

See something wrong?

Also owned by Apollo Global Management

View Apollo Global Management profile →

Also PE-touched in Healthcare

TeamHealth, Envision Healthcare, Heartland Dental, and Steward Health Care.

Browse all Healthcare →

We’ll keep you posted

New companies, new receipts. No spam.

What people ask

Is ScionHealth owned by private equity?

Yes. ScionHealth is currently owned by Apollo Global Management, which acquired it in 2021. Apollo controls about 220 hospitals across two chains. Its ScionHealth chain closed three of them in early 2025 as Moody's warned the next default was coming.

What happened to ScionHealth after the acquisition?

About 300 hospital workers lost their jobs when three hospitals were permanently shuttered in early 2025 Communities in Illinois and Tampa lost critical long-term acute care capacity, forcing patients with complex medical needs to find alternatives further from home

Who owns ScionHealth?

ScionHealth is owned by Apollo Global Management, which acquired it in 2021.

Next squeeze →

Orangetheory Fitness

“Merged into a mega-franchise while its biggest operator collapsed.”

Roark Capital · wellness