Board Dossier
CEO, ScionHealth · FAH Director · Apollo Global Management
HighScionHealth was created by Apollo Global Management in December 2021 to house the debt-heavy assets from the Lifepoint/Kindred acquisition.
| Metric | Value |
|---|---|
| LTAC Hospitals | 61 (Kindred brand) |
| Community Hospitals | 18 |
| States | 27 |
| Owner | Apollo Global Management |
| Created | December 2021 |
| Moody’s Rating | Caa2 / Limited Default (Jan 2025) |
| FAH Board Since | At least 2022 |
Apollo Global Management controls two of nine FAH board seats through Lifepoint (Dill, FAH Chair) and ScionHealth (Jay). Jay previously served as EVP of Integrated Operations at Lifepoint under Dill before being named ScionHealth CEO at the spinoff.
On January 13, 2025, Moody’s appended a limited default designation to ScionHealth’s parent entity Knight Health Holdings LLC, citing an unsustainable capital structure.
“ScionHealth is owned by private equity sponsor Apollo, making it more at risk to partake in shareholder-friendly policies that can include debt-funded dividends.”
— Moody’s Investors Service, January 13, 2025| Detail | Value |
|---|---|
| Rating | Caa2 |
| Designation | Limited default (LD) — January 2025 |
| Basis | Distressed debt exchange to avoid immediate bankruptcy |
| Key language | “weak liquidity,” “unsustainable capital structure” |
| Debt maturities | Senior secured and unsecured looming 2026–2027 |
In October 2024, ScionHealth sold 5 LTAC hospitals to Ventas for $189 million, converting owned real estate into a permanent escalating rent obligation.
| Metric | Value |
|---|---|
| Facilities sold | 5 LTAC hospitals |
| Sale price | $189 million |
| Annual rent obligation | $80M (starting May 2025) |
| Rent escalator | 2.75% annually |
| Impact | Permanent operational expense during period of declining LTAC occupancy |
In February 2025, ScionHealth permanently closed three hospitals, laying off over 155 workers.
| Facility | Location | Layoffs |
|---|---|---|
| Kindred Hospital Sycamore | Chicago, IL | ~75 |
| Kindred Hospital Lakeshore | Chicago, IL | ~80 |
| Kindred Hospital Bay Area | Tampa, FL | Not confirmed |
On March 6, 2026, ScionHealth agreed to sell eight acute care hospitals back to Lifepoint, effectively returning its most stable assets to the parent Apollo entity.
| Hospital | State |
|---|---|
| Bolivar Medical Center | MS |
| Ennis Regional Medical Center | TX |
| Livingston Regional Hospital | TN |
| Logan Regional Medical Center | WV |
| Palestine Regional Medical Center | TX |
| Parkview Regional Hospital | TX |
| St. Joseph Regional Medical Center | ID |
| Watertown Regional Medical Center | WI |
| Organization | Role | Period |
|---|---|---|
| KPMG | Audit/consulting | Early career |
| Vanguard Health Systems | Leadership roles | Prior to Tenet acquisition |
| RCCH Healthcare Partners | EVP and COO | Through 2018 merger with Lifepoint |
| Lifepoint Health | EVP, Integrated Operations | 2018–2021 |
| ScionHealth | CEO and Director | 2021–present |