Final answer:
A privately-owned facility is an independent business owned by individuals or a small group of investors who make their own operational decisions.
Step-by-step explanation:
A privately-owned facility is independently owned and operated. This means that the business is not owned or run by the government or a public entity but rather by an individual, a family, or a small group of private investors. Privately-owned businesses have the freedom to make their own operational decisions, from day-to-day management to strategic planning, and typically do not have to disclose financial information publicly unless required by law.