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Reviewed 2026-07-02

NOVANT HEALTH FORSYTH MEDICAL CENTER

Ownership, control, relationships, and source records for NOVANT HEALTH FORSYTH MEDICAL CENTER.
Ownership receipt

What we can say clearly

NOVANT HEALTH FORSYTH 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

NOVANT HEALTH FORSYTH 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
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Key sources

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Control Map

This leads to this

controls
Forsyth Memorial Hospital IncNOVANT HEALTH FORSYTH MEDICAL CENTER
operates
Novant HealthNOVANT HEALTH FORSYTH MEDICAL CENTER

Evidence limits

Red color requiredCMS enrollment match used where available16 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
OperatorNovant Health
Population servedNeeds system/facility catchment estimate

NOVANT HEALTH FORSYTH MEDICAL CENTER 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
controlsForsyth Memorial Hospital Inc → NOVANT HEALTH FORSYTH MEDICAL CENTER

FORSYTH MEMORIAL HOSPITAL INC is the best available legal-owner or enrolled-operator layer for NOVANT HEALTH FORSYTH MEDICAL CENTER.

operatesNovant Health → NOVANT HEALTH FORSYTH MEDICAL CENTER

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 layerFORSYTH MEMORIAL HOSPITAL INCFacility legal owner / enrollment layer · legal owner or enrolled operator

FORSYTH MEMORIAL HOSPITAL INC 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 · current record
  • 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 · connected NC facility
  • 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

    FORSYTH MEMORIAL HOSPITAL INC is the best available legal-owner or enrolled-operator layer for NOVANT HEALTH FORSYTH MEDICAL CENTER.

  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 revenue01/01/2023 to 12/31/2023$1,517,316,105Hospital 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$1,359,480,189Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue01/01/2021 to 12/31/2021$1,554,471,513Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue01/01/2020 to 12/31/2020$1,420,387,939Hospital 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$1,567,033,882Hospital 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$1,455,600,938Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense01/01/2021 to 12/31/2021$1,494,811,134Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense01/01/2020 to 12/31/2020$1,390,501,430Hospital 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-$30,977,647Hospital 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-$54,694,017Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income01/01/2021 to 12/31/2021$123,535,711Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income01/01/2020 to 12/31/2020$94,343,654Hospital 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$1,055,016,910Hospital 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$907,540,263Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets01/01/2021 to 12/31/2021$1,143,678,733Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets01/01/2020 to 12/31/2020$926,177,304Hospital 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-$2,117,804,391Hospital 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-$2,145,283,624Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities01/01/2021 to 12/31/2021-$1,822,111,712Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities01/01/2020 to 12/31/2020-$1,772,928,693Hospital 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$68,671,227Hospital 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$98,922,035Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care01/01/2021 to 12/31/2021$47,530,717Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care01/01/2020 to 12/31/2020$8,037,762Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees01/01/2023 to 12/31/20235,295.08 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees01/01/2022 to 12/31/20225,142.92 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees01/01/2021 to 12/31/20215,430.73 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees01/01/2020 to 12/31/20205,465.27 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds01/01/2023 to 12/31/2023906 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds01/01/2022 to 12/31/2022906 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds01/01/2021 to 12/31/2021912 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds01/01/2020 to 12/31/2020908 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days01/01/2023 to 12/31/2023237,450 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days01/01/2022 to 12/31/2022219,580 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days01/01/2021 to 12/31/2021239,966 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days01/01/2020 to 12/31/2020232,187 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges01/01/2023 to 12/31/202338,433 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges01/01/2022 to 12/31/202232,415 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges01/01/2021 to 12/31/202135,071 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges01/01/2020 to 12/31/202037,844 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: FORSYTH MEMORIAL HOSPITAL INC.

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.

Direct connection

CMS Care Compare ownership category: Voluntary non-profit - Private.

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 ServicesprimaryCarl S. Armato leadership profileNovant Health