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

Reviewed 2026-07-02

WILKES MEDICAL CENTER

Ownership, control, relationships, and source records for WILKES MEDICAL CENTER.
Ownership receipt

What we can say clearly

WILKES MEDICAL CENTER is marked as a corporate-chain case. That is separate from direct private-equity ownership, but it still belongs in the red corporate-control color family.

Finding
Corporate-chain ownership/accountability warning
Last reviewed
2026-07-02
Evidence
9 cited sources
Documented warningPart of a corporate hospital chain

WILKES MEDICAL CENTER has a completed North Carolina state-template dossier baseline with official identity, CMS enrollment/owner context when matched, CMS Care Compare point-in-time context when matched, HCRIS financial/utilization context when matched, and explicit limitations for missing fields. Unsupported ownership, compensation, labor, quality-trend, or causation claims are not inferred.

Corporate-chain ownership/accountability warning
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

controls
Wrmc Hospital Operating CorporationWILKES MEDICAL CENTER
operates
Atrium Health Wake Forest BaptistWILKES MEDICAL CENTER
parent_company_or_controller
Advocate HealthAtrium Health Wake Forest Baptist

Evidence limits

Red color requiredCMS enrollment match used where available18 ownership sources checked9 total sources below
Direct PE ownershipNot documented as direct PE ownership in this state-template pass
PE relationshipNo documented PE link in current baseline sources
OperatorAtrium Health Wake Forest Baptist
Population servedNeeds system/facility catchment estimate

WILKES MEDICAL CENTER is connected to Atrium Health Wake Forest Baptist. No public-company shareholder layer. Control context is nonprofit system governance through Advocate Health / Atrium Health. Institutional shareholder names are context only and do not override facility-level ownership evidence.

Review Note

Why this page is published

completed state-template official-source baseline

Publish state-template completion fields while preserving explicit unavailable/searched-not-found limitations.

Ownership & Control

Detailed records, kept below the answer

Facility legal owner, operator, parent company, ultimate controller, PE sponsor, and institutional shareholder context are separate evidence layers.

See the full ownership chain
controlsWrmc Hospital Operating Corporation → WILKES MEDICAL CENTER

WRMC HOSPITAL OPERATING CORPORATION is the best available legal-owner or enrolled-operator layer for WILKES MEDICAL CENTER.

operatesAtrium Health Wake Forest Baptist → WILKES MEDICAL CENTER

Atrium Health Wake Forest Baptist is shown as the operator or parent-system layer for this facility.

parent_company_or_controllerAdvocate Health → Atrium Health Wake Forest Baptist

Advocate Health is the best available ultimate parent, sponsor, or controller context for Atrium Health Wake Forest Baptist.

  • Institutional shareholders such as Vanguard, BlackRock, and State Street are context nodes only; they are not hospital operators unless direct control evidence is found.
  • CMS owner rows identify enrolled owner/control roles but may not name every ultimate financial sponsor.
  • Sibling/system affiliation does not cause a facility to inherit another hospital’s red status.

Connections

Who owns, backs, staffs, or connects to this facility

Legal-owner layerWRMC HOSPITAL OPERATING CORPORATIONFacility legal owner / enrollment layer · legal owner or enrolled operator

WRMC HOSPITAL OPERATING CORPORATION is shown separately from the parent system and ultimate financial/control context.

Operator layerAtrium Health Wake Forest BaptistLarge nonprofit health system · nonprofit system operator

This connection identifies the operating or system layer used for the public map and dossier.

Parent-company contextAdvocate HealthUltimate parent or controller · ultimate parent / controller context

Advocate Health is shown as the upper control or sponsor context, while the facility-level legal-owner layer remains separate.

Shareholder contextInstitutional shareholders / governance contextShareholder or governance context · context only, not hospital operation

No public-company shareholder layer. Control context is nonprofit system governance through Advocate Health / Atrium Health.

Leadership

Current accountability and official image status

Advocate Health Chief Executive OfficerEugene A. Woods

System-level accountability context for Atrium Health and Atrium Wake Forest Baptist records.

official page has an image, but direct image URL was not captured from the public HTML

System Thread

Connected facilities and system family

  • DAVIE MEDICAL CENTERAtrium Health Wake Forest Baptist · BERMUDA RUN, NC · connected NC facility
  • HIGH POINT REGIONAL HEALTHAtrium Health Wake Forest Baptist · HIGH POINT, NC · connected NC facility
  • KERNERSVILLE MEDICAL CENTER-ERAtrium Health Wake Forest Baptist · KERNERSVILLE, NC · connected NC facility
  • LEXINGTON MEDICAL CENTERAtrium Health Wake Forest Baptist · LEXINGTON, NC · connected NC facility
  • NORTH CAROLINA BAPTIST HOSPITALAtrium Health Wake Forest Baptist · WINSTON-SALEM, NC · connected NC facility
  • WILKES MEDICAL CENTERAtrium Health Wake Forest Baptist · NORTH WILKESBORO, NC · current record

Timeline

Ownership history and events

  1. controls

    WRMC HOSPITAL OPERATING CORPORATION is the best available legal-owner or enrolled-operator layer for WILKES MEDICAL CENTER.

  2. operates

    Atrium Health Wake Forest Baptist is shown as the operator or parent-system layer for this facility.

  3. parent company or controller

    Advocate Health is the best available ultimate parent, sponsor, or controller context for Atrium Health Wake Forest Baptist.

  4. cms owner context

    CMS Hospital All Owners rows are attached as current owner/control context. They do not by themselves prove private-equity sponsorship unless the row says so or another cited source supports it.

  5. operates

    State-template baseline operator/owner context assembled from current hospital fields and matched official sources where available. This is not a new PE ownership claim.

Metrics

Financial and utilization series

MetricPeriodValueMethod note
net patient revenue01/01/2023 to 12/31/2023$142,742,978Hospital 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$120,572,656Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue07/01/2021 to 12/31/2021$46,652,983Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue07/01/2020 to 06/30/2021$79,096,653Hospital 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$137,455,592Hospital 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$119,741,007Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense07/01/2021 to 12/31/2021$47,260,040Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense07/01/2020 to 06/30/2021$83,458,385Hospital 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$8,165,177Hospital 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$2,166,807Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income07/01/2021 to 12/31/2021$5,602,006Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income07/01/2020 to 06/30/2021$4,072,296Hospital 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$100,159,587Hospital 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$91,093,210Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets07/01/2021 to 12/31/2021$92,844,196Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets07/01/2020 to 06/30/2021$89,598,590Hospital 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$26,148,595Hospital 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$25,247,395Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities07/01/2021 to 12/31/2021$29,165,189Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities07/01/2020 to 06/30/2021$31,521,589Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care01/01/2023 to 12/31/2023$75,210Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care01/01/2022 to 12/31/2022$3,912,928Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care07/01/2021 to 12/31/2021$629,679Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care07/01/2020 to 06/30/2021$2,211,508Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees01/01/2023 to 12/31/2023539.02 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees01/01/2022 to 12/31/2022544.65 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees07/01/2021 to 12/31/2021265.27 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees07/01/2020 to 06/30/2021505.92 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds01/01/2023 to 12/31/202377 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds01/01/2022 to 12/31/202277 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds07/01/2021 to 12/31/202177 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds07/01/2020 to 06/30/202177 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days01/01/2023 to 12/31/202316,999 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days01/01/2022 to 12/31/202214,725 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days07/01/2021 to 12/31/20216,701 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days07/01/2020 to 06/30/202111,936 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges01/01/2023 to 12/31/20233,940 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges01/01/2022 to 12/31/20223,048 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges07/01/2021 to 12/31/20211,647 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges07/01/2020 to 06/30/20213,256 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

This automated NC pass searched mandatory official/source systems and records missing items; it does not claim the entire internet was exhausted.

Limitation

This five-state template completion pass used official cached CMS/HIFLD/PESP/HCRIS sources and records missing items; it does not claim the entire internet was exhausted.

Unavailable

official CEO image URL

Unavailable

source-backed local CEO/current leader

Unavailable

facility-level CEO compensation amount

Direct connection

Legal/enrollment layer: WRMC HOSPITAL OPERATING CORPORATION.

Direct connection

Operator layer: Atrium Health Wake Forest Baptist.

Direct connection

Ultimate parent/controller context: Advocate Health.

Direct connection

Shareholder/governance context: No public-company shareholder layer. Control context is nonprofit system governance through Advocate Health / Atrium Health.

Direct connection

Operator/owner context: Atrium Health Wake Forest Baptist.

Direct connection

CMS Care Compare ownership category: Government - Local.

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 DatagovernmentNorth Carolina hospital license dataNorth Carolina Division of Health Service RegulationgovernmentHospital EnrollmentsCenters for Medicare & Medicaid ServicesgovernmentHospital All OwnersCenters for Medicare & Medicaid ServicesgovernmentHospital General InformationCenters for Medicare & Medicaid ServicesgovernmentHospital Provider Cost ReportsCenters for Medicare & Medicaid ServicesprimaryAdvocate Health leadershipAdvocate Health / Atrium Health