Reviewed 2026-07-02

WAKEMED

Ownership, control, relationships, and source records for WAKEMED.

Ownership receipt

What we can say clearly

WAKEMED 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

WAKEMED 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

CMS owners

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Control Map

This leads to this

controls

WAKEMEDWAKEMED

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

OperatorWakeMed

Population servedNeeds system/facility catchment estimate

WAKEMED is connected to WakeMed. No public-company shareholder layer was found in this pass. 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

controlsWAKEMED → WAKEMED

WAKEMED is the best available legal-owner or enrolled-operator layer for WAKEMED.

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 layerWAKEMEDFacility legal owner / enrollment layer · legal owner or enrolled operator

WAKEMED is shown separately from the parent system and ultimate financial/control context.

Operator layerWakeMedHospital operator or parent system · operator / parent-system context

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

System Thread

Connected facilities and system family

WAKEMEDWakeMed · RALEIGH, NC · current record
WAKEMED CARY HOSPITALWakeMed · CARY, NC · connected NC facility
WAKEMED NORTHWakeMed · RALEIGH, NC · connected NC facility

Timeline

Ownership history and events

Current / undated
controls
WAKEMED is the best available legal-owner or enrolled-operator layer for WAKEMED.
05/01/2017
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.
Current / undated
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

Metric	Period	Value	Method note
net patient revenue	10/01/2022 to 09/30/2023	$1,315,403,308	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue	10/01/2021 to 09/30/2022	$1,146,793,349	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue	10/01/2020 to 09/30/2021	$1,098,020,941	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net patient revenue	10/01/2019 to 09/30/2020	$955,318,151	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense	10/01/2022 to 09/30/2023	$1,232,809,923	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense	10/01/2021 to 09/30/2022	$1,163,256,376	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense	10/01/2020 to 09/30/2021	$1,015,048,170	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
operating expense	10/01/2019 to 09/30/2020	$894,379,300	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income	10/01/2022 to 09/30/2023	$82,593,385	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income	10/01/2021 to 09/30/2022	-$16,389,694	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income	10/01/2020 to 09/30/2021	$92,095,004	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
net income	10/01/2019 to 09/30/2020	$76,753,088	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets	10/01/2022 to 09/30/2023	$2,285,147,523	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets	10/01/2021 to 09/30/2022	$2,164,141,661	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets	10/01/2020 to 09/30/2021	$2,281,703,209	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total assets	10/01/2019 to 09/30/2020	$2,131,300,306	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities	10/01/2022 to 09/30/2023	$1,226,066,092	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities	10/01/2021 to 09/30/2022	$1,119,271,033	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities	10/01/2020 to 09/30/2021	$983,608,571	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
total liabilities	10/01/2019 to 09/30/2020	$953,671,256	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care	10/01/2022 to 09/30/2023	$30,085,749	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care	10/01/2021 to 09/30/2022	$84,685,582	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care	10/01/2020 to 09/30/2021	$33,686,652	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
contract labor direct patient care	10/01/2019 to 09/30/2020	$19,663,844	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees	10/01/2022 to 09/30/2023	7,838 FTE	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees	10/01/2021 to 09/30/2022	4,485 FTE	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees	10/01/2020 to 09/30/2021	4,756.86 FTE	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees	10/01/2019 to 09/30/2020	4,531 FTE	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds	10/01/2022 to 09/30/2023	617 beds	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds	10/01/2021 to 09/30/2022	609 beds	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds	10/01/2020 to 09/30/2021	609 beds	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds	10/01/2019 to 09/30/2020	586 beds	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days	10/01/2022 to 09/30/2023	206,107 days	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days	10/01/2021 to 09/30/2022	205,112 days	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days	10/01/2020 to 09/30/2021	214,253 days	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days	10/01/2019 to 09/30/2020	177,430 days	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges	10/01/2022 to 09/30/2023	36,785 discharges	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges	10/01/2021 to 09/30/2022	36,142 discharges	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges	10/01/2020 to 09/30/2021	31,167 discharges	Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges	10/01/2019 to 09/30/2020	32,799 discharges	Hospital 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

source-backed CEO/current leader

Unavailable

source-backed local CEO/current leader

Unavailable

official CEO image URL

Unavailable

facility-level CEO compensation amount

Direct connection

Legal/enrollment layer: WAKEMED.

Direct connection

Operator layer: WakeMed.

Direct connection

Ultimate parent/controller context: WakeMed.

Direct connection

Operator/owner context: WakeMed.

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 hospital JSONFull evidence file JSONComplete structured evidence file exactly as published

Sources

Evidence and source documents

governmentHospitals RAPTHomeland Infrastructure Foundation-Level Data governmentNorth Carolina hospital license dataNorth Carolina Division of Health Service Regulation governmentHospital EnrollmentsCenters for Medicare & Medicaid Services governmentHospital All OwnersCenters for Medicare & Medicaid Services governmentHospital General InformationCenters for Medicare & Medicaid Services governmentHospital Provider Cost ReportsCenters for Medicare & Medicaid Services