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Reviewed 2026-07-02

NORTH CAROLINA BAPTIST HOSPITAL

Ownership, control, relationships, and source records for NORTH CAROLINA BAPTIST HOSPITAL.
Ownership receipt

What we can say clearly

NORTH CAROLINA BAPTIST 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.

Finding
Documented investment signal
Last reviewed
2026-07-02
Evidence
8 cited sources
Documented warningPossible ownership change under review

NORTH CAROLINA BAPTIST 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.

Documented investment signal
Last verified Jun 2026
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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

reported ownership or operating chain
Atrium Health Wake Forest BaptistNORTH CAROLINA BAPTIST HOSPITAL
governs
ASHLEY JOHNSONNORTH CAROLINA BAPTIST HOSPITAL
governs
SHEREE WATSONNORTH CAROLINA BAPTIST HOSPITAL

Evidence limits

Red color requiredCMS enrollment match used where available13 ownership sources checked8 total sources below
Direct PE ownershipNot documented as direct PE ownership in this state-template pass
PE relationshipWatchlist signal
OperatorAtrium Health Wake Forest Baptist
Population served

NORTH CAROLINA BAPTIST HOSPITAL is shown with official-source baseline context for North Carolina. Missing fields remain visible instead of being inferred.

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

Sponsor, operator, CMS legal-owner/control records, and facility are shown as separate evidence layers.

See the full ownership chain
reported ownership or operating chainAtrium Health Wake Forest Baptist → NORTH CAROLINA BAPTIST HOSPITAL

The platform attribution comes from the research tracker and is displayed separately from CMS legal-owner rows.

governsASHLEY JOHNSON → NORTH CAROLINA BAPTIST HOSPITAL

CORPORATE DIRECTOR · 0% reported ownership · associated 12/15/2024

governsSHEREE WATSON → NORTH CAROLINA BAPTIST HOSPITAL

CORPORATE DIRECTOR · 0% reported ownership · associated 01/01/2014

governsCATHLEEN WHEATLEY → NORTH CAROLINA BAPTIST HOSPITAL

CORPORATE OFFICER · associated 01/01/2021

is associated withCATHLEEN WHEATLEY → NORTH CAROLINA BAPTIST HOSPITAL

W-2 MANAGING EMPLOYEE · associated 01/01/2021

governsSTEPHEN ROBERTSON → NORTH CAROLINA BAPTIST HOSPITAL

CORPORATE DIRECTOR · associated 01/01/2021

controls or managesWAKE FOREST UNIVERSITY BAPTIST MEDICAL CENTER → NORTH CAROLINA BAPTIST HOSPITAL

OPERATIONAL/MANAGERIAL CONTROL · 50% reported ownership · associated 10/09/2020

governsFRANK THOMAS → NORTH CAROLINA BAPTIST HOSPITAL

CORPORATE OFFICER · associated 01/01/2024

owns an interest inNORTH CAROLINA BAPTIST HOSPITAL → NORTH CAROLINA BAPTIST HOSPITAL

5% OR GREATER DIRECT OWNERSHIP INTEREST · 100% reported ownership · associated 10/09/2020

governsJULIE FREISCHLAG → NORTH CAROLINA BAPTIST HOSPITAL

CORPORATE OFFICER · associated 07/01/2017

governsJULIE FREISCHLAG → NORTH CAROLINA BAPTIST HOSPITAL

CORPORATE DIRECTOR · associated 07/01/2017

controls or managesATRIUM HEALTH INC → NORTH CAROLINA BAPTIST HOSPITAL

OPERATIONAL/MANAGERIAL CONTROL · 50% reported ownership · associated 10/09/2020

controls or managesADVOCATE HEALTH INC → NORTH CAROLINA BAPTIST HOSPITAL

OPERATIONAL/MANAGERIAL CONTROL · associated 12/02/2022

governsALBERT HERRING → NORTH CAROLINA BAPTIST HOSPITAL

CORPORATE DIRECTOR · 0% reported ownership · associated 01/01/2013

governsARTHUR GIBEL → NORTH CAROLINA BAPTIST HOSPITAL

CORPORATE DIRECTOR · 0% reported ownership · associated 07/01/2014

governsWILLIAM WARDEN → NORTH CAROLINA BAPTIST HOSPITAL

CORPORATE OFFICER · 0% reported ownership · associated 01/01/2014

governsWILLIAM WARDEN → NORTH CAROLINA BAPTIST HOSPITAL

CORPORATE DIRECTOR · 0% reported ownership · associated 07/01/2015

  • CMS owner rows establish enrolled legal ownership or control roles; they do not always name the ultimate financial sponsor.

Timeline

Ownership history and events

  1. CMS before/after ownership event

    DAVIE MEDICAL CENTER -> NORTH CAROLINA BAPTIST HOSPITAL.

  2. venture backing

    Atrium Health Wake Forest Baptist is reported as an investment backer; this is not treated as a completed ownership claim.

  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$2,718,737,845Hospital 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$2,189,452,982Hospital 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$1,055,319,726Hospital 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$1,986,016,553Hospital 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$2,723,008,009Hospital 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$2,291,511,702Hospital 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$1,118,778,654Hospital 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$2,031,516,522Hospital 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$43,175,034Hospital 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-$41,543,754Hospital 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-$42,048,369Hospital 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$3,861,302Hospital 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$2,330,070,946Hospital 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$2,136,522,913Hospital 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$2,457,612,739Hospital 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$2,485,553,304Hospital 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$864,885,234Hospital 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$822,717,595Hospital 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$1,003,124,495Hospital 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$1,042,681,880Hospital 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$59,078,714Hospital 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$33,951,992Hospital 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$11,282,671Hospital 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$46,941,710Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees01/01/2023 to 12/31/20238,330.7 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees01/01/2022 to 12/31/20228,586.51 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees07/01/2021 to 12/31/20214,268.29 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees07/01/2020 to 06/30/20218,204.28 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds01/01/2023 to 12/31/2023813 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds01/01/2022 to 12/31/2022800 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds07/01/2021 to 12/31/2021815 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds07/01/2020 to 06/30/2021808 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days01/01/2023 to 12/31/2023233,814 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days01/01/2022 to 12/31/2022228,444 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days07/01/2021 to 12/31/2021112,819 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days07/01/2020 to 06/30/2021225,050 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges01/01/2023 to 12/31/202343,667 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges01/01/2022 to 12/31/202235,795 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges07/01/2021 to 12/31/202119,496 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges07/01/2020 to 06/30/202139,025 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

The investment signal does not establish completed private-equity ownership or a pending sale.

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

Precise acquisition date

Unavailable

source-backed local CEO/current leader

Unavailable

official CEO image URL

Unavailable

facility-level CEO compensation amount

Direct connection

Reported parent system or portfolio company: Atrium Health Wake Forest Baptist.

Direct connection

Operator/owner context: Atrium Health Wake Forest Baptist.

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 DataresearchPrivate Equity Hospital TrackerPrivate Equity Stakeholder ProjectgovernmentHospital EnrollmentsCenters for Medicare & Medicaid ServicesgovernmentHospital All OwnersCenters for Medicare & Medicaid ServicesgovernmentHospital Provider Cost ReportsCenters for Medicare & Medicaid ServicesgovernmentHospital General InformationCenters for Medicare & Medicaid ServicesgovernmentHospital Change of OwnershipCenters for Medicare & Medicaid Services