PE Healthcare WatchEvidence behind healthcare control

Reviewed 2026-07-02

NOVANT HEALTH REHABILITATION HOSPITAL

Ownership, control, relationships, and source records for NOVANT HEALTH REHABILITATION HOSPITAL.
Ownership receipt

What we can say clearly

NOVANT HEALTH REHABILITATION HOSPITAL 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
8 cited sources
Documented warningPart of a corporate hospital chain

NOVANT HEALTH REHABILITATION HOSPITAL 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
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Key sources

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Control Map

This leads to this

controls
Novant Health Rehabilitation Hospital Of Winston Salem LlcNOVANT HEALTH REHABILITATION HOSPITAL
operates
Novant HealthNOVANT HEALTH REHABILITATION HOSPITAL

Evidence limits

Red color requiredCMS enrollment match used where available14 ownership sources checked8 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
OperatorNovant Health
Population servedNeeds system/facility catchment estimate

NOVANT HEALTH REHABILITATION HOSPITAL is connected to Novant Health. No public-company shareholder layer. Control context is nonprofit system governance and executive compensation disclosure. 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
controlsNovant Health Rehabilitation Hospital Of Winston Salem LlcNOVANT HEALTH REHABILITATION HOSPITAL

NOVANT HEALTH REHABILITATION HOSPITAL OF WINSTON-SALEM, LLC is the best available legal-owner or enrolled-operator layer for NOVANT HEALTH REHABILITATION HOSPITAL.

operatesNovant HealthNOVANT HEALTH REHABILITATION HOSPITAL

Novant Health is shown as the operator or parent-system layer for this facility.

  • 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 layerNOVANT HEALTH REHABILITATION HOSPITAL OF WINSTON-SALEM, LLCFacility legal owner / enrollment layer · legal owner or enrolled operator

NOVANT HEALTH REHABILITATION HOSPITAL OF WINSTON-SALEM, LLC is shown separately from the parent system and ultimate financial/control context.

Operator layerNovant HealthLarge nonprofit health system · nonprofit system operator

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

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

No public-company shareholder layer. Control context is nonprofit system governance and executive compensation disclosure.

Leadership

Current accountability and official image status

Novant Health President and Chief Executive OfficerCarl S. Armato

System-level accountability context for Novant Health facilities.

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

Compensation context: Novant publishes executive compensation context on its public financial-profile pages.

System Thread

Connected facilities and system family

  • NEW HANOVER REGIONAL MEDICAL CENTERNovant Health · WILMINGTON, NC · connected NC facility
  • NEW HANOVER REGIONAL MEDICAL CENTER ORTHOPEDIC HOSPITALNovant Health · WILMINGTON, NC · connected NC facility
  • NOVANT HEALTH BALLANTYNE MEDICAL CENTERNovant Health · CHARLOTTE, NC · connected NC facility
  • NOVANT HEALTH BRUNSWICK MEDICAL CENTERNovant Health · BOLIVIA, NC · connected NC facility
  • NOVANT HEALTH CHARLOTTE ORTHOPEDIC HOSPITALNovant Health · CHARLOTTE, NC · connected NC facility
  • NOVANT HEALTH FORSYTH MEDICAL CENTERNovant Health · WINSTON-SALEM, NC · connected NC facility
  • NOVANT HEALTH HUNTERSVILLE MEDICAL CENTERNovant Health · HUNTERSVILLE, NC · connected NC facility
  • NOVANT HEALTH MATTHEWS MEDICAL CENTERNovant Health · MATTHEWS, NC · connected NC facility
  • NOVANT HEALTH MEDICAL PARK HOSPITALNovant Health · WINSTON-SALEM, NC · connected NC facility
  • NOVANT HEALTH MINT HILL MEDICAL CENTERNovant Health · CHARLOTTE, NC · connected NC facility
  • NOVANT HEALTH PRESBYTERIAN MEDICAL CENTERNovant Health · CHARLOTTE, NC · connected NC facility
  • NOVANT HEALTH REHABILITATION HOSPITALNovant Health · WINSTON-SALEM, NC · current record
  • NOVANT HEALTH ROWAN MEDICAL CENTERNovant Health · SALISBURY, NC · connected NC facility
  • NOVANT HEALTH THOMASVILLE MEDICAL CENTERNovant Health · THOMASVILLE, NC · connected NC facility
  • PENDER MEMORIAL HOSPITAL, INCNovant Health · BURGAW, NC · connected NC facility

Timeline

Ownership history and events

  1. controls

    NOVANT HEALTH REHABILITATION HOSPITAL OF WINSTON-SALEM, LLC is the best available legal-owner or enrolled-operator layer for NOVANT HEALTH REHABILITATION HOSPITAL.

  2. operates

    Novant Health is shown as the operator or parent-system layer for this facility.

  3. 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.

  4. 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 revenue10/01/2022 to 09/30/2023$30,819,306Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue10/01/2021 to 09/30/2022$28,960,601Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue10/01/2020 to 09/30/2021$28,362,432Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue10/01/2019 to 09/30/2020$24,629,171Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense10/01/2022 to 09/30/2023$25,352,179Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense10/01/2021 to 09/30/2022$25,216,302Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense10/01/2020 to 09/30/2021$23,552,443Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense10/01/2019 to 09/30/2020$21,262,148Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income10/01/2022 to 09/30/2023$5,710,811Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income10/01/2021 to 09/30/2022$3,806,331Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income10/01/2020 to 09/30/2021$4,833,410Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income10/01/2019 to 09/30/2020$3,391,628Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets10/01/2022 to 09/30/2023$45,511,646Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets10/01/2021 to 09/30/2022$45,736,201Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets10/01/2020 to 09/30/2021$48,811,900Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets10/01/2019 to 09/30/2020$44,572,976Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities10/01/2022 to 09/30/2023$28,923,516Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities10/01/2021 to 09/30/2022$29,033,370Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities10/01/2020 to 09/30/2021$32,233,170Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities10/01/2019 to 09/30/2020$29,457,938Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees10/01/2022 to 09/30/2023167.18 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees10/01/2021 to 09/30/2022182.89 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees10/01/2020 to 09/30/2021165.32 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees10/01/2019 to 09/30/2020152.42 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds10/01/2022 to 09/30/202368 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds10/01/2021 to 09/30/202268 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds10/01/2020 to 09/30/202168 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds10/01/2019 to 09/30/202068 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days10/01/2022 to 09/30/202320,184 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days10/01/2021 to 09/30/202220,400 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days10/01/2020 to 09/30/202120,255 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days10/01/2019 to 09/30/202017,627 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges10/01/2022 to 09/30/20231,503 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges10/01/2021 to 09/30/20221,490 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges10/01/2020 to 09/30/20211,429 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges10/01/2019 to 09/30/20201,284 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care10/01/2022 to 09/30/2023$286,562Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care10/01/2021 to 09/30/2022$223,647Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care10/01/2020 to 09/30/2021$4,801Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care10/01/2019 to 09/30/2020$829Hospital 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

No matching CMS Care Compare general-information row was found.

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

current CMS overall rating

Unavailable

source-backed local CEO/current leader

Unavailable

facility-level CEO compensation amount

Direct connection

Legal/enrollment layer: NOVANT HEALTH REHABILITATION HOSPITAL OF WINSTON-SALEM, LLC.

Direct connection

Operator layer: Novant Health.

Direct connection

Ultimate parent/controller context: Novant Health.

Direct connection

Shareholder/governance context: No public-company shareholder layer. Control context is nonprofit system governance and executive compensation disclosure.

Direct connection

Operator/owner context: Novant Health.

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Sources

Evidence and source documents