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

Reviewed 2026-07-02

ALAMANCE REGIONAL MEDICAL CENTER

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

What we can say clearly

ALAMANCE REGIONAL 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

ALAMANCE REGIONAL 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

Bill Reduction Available

Dollar For lists this facility for hospital bill assistance. Eligibility depends on the hospital policy and patient circumstances.
Get bill help ↗

Control Map

This leads to this

controls
Alamance Regional Medical Center IncALAMANCE REGIONAL MEDICAL CENTER
operates
Cone HealthALAMANCE REGIONAL 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
OperatorCone Health
Population servedNeeds system/facility catchment estimate

ALAMANCE REGIONAL MEDICAL CENTER is connected to Cone Health. No public-company shareholder layer. Control context is nonprofit system governance. 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
controlsAlamance Regional Medical Center Inc → ALAMANCE REGIONAL MEDICAL CENTER

ALAMANCE REGIONAL MEDICAL CENTER INC is the best available legal-owner or enrolled-operator layer for ALAMANCE REGIONAL MEDICAL CENTER.

operatesCone Health → ALAMANCE REGIONAL MEDICAL CENTER

Cone 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 layerALAMANCE REGIONAL MEDICAL CENTER INCFacility legal owner / enrollment layer · legal owner or enrolled operator

ALAMANCE REGIONAL MEDICAL CENTER INC is shown separately from the parent system and ultimate financial/control context.

Operator layerCone HealthNonprofit 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.

Leadership

Current accountability and official image status

Cone Health Chief Executive OfficerPaul Krakovitz, MD, FACS

Official Cone Health leadership source identifies Paul Krakovitz as CEO.

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

System Thread

Connected facilities and system family

  • ALAMANCE REGIONAL MEDICAL CENTERCone Health · BURLINGTON, NC · current record
  • ANNIE PENN HOSPITALCone Health · REIDSVILLE, NC · connected NC facility
  • BEHAVIORAL HEALTH HOSPITALCone Health · GREENSBORO, NC · connected NC facility
  • CONE HEALTHCone Health · GREENSBORO, NC · connected NC facility
  • RANDOLPH HOSPITAL, INCCone Health · ASHEBORO, NC · connected NC facility
  • WESLEY LONG COMMUNITY HOSPITALCone Health · GREENSBORO, NC · connected NC facility

Timeline

Ownership history and events

  1. controls

    ALAMANCE REGIONAL MEDICAL CENTER INC is the best available legal-owner or enrolled-operator layer for ALAMANCE REGIONAL MEDICAL CENTER.

  2. operates

    Cone 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$284,333,872Hospital 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$286,229,240Hospital 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$279,297,117Hospital 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$303,669,080Hospital 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$262,201,680Hospital 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$272,478,324Hospital 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$236,101,351Hospital 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$218,171,728Hospital 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$31,021,425Hospital 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$23,953,724Hospital 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$54,685,770Hospital 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$101,322,751Hospital 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$703,760,249Hospital 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$672,223,956Hospital 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$665,969,044Hospital 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$615,108,915Hospital 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$38,975,211Hospital 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$38,460,343Hospital 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$56,159,161Hospital 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$59,968,068Hospital 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$17,385,818Hospital 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$30,204,996Hospital 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$8,160,400Hospital 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$996,824Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees10/01/2022 to 09/30/20231,189.82 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees10/01/2021 to 09/30/20221,306.29 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees10/01/2020 to 09/30/20211,306.29 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees10/01/2019 to 09/30/20201,271.31 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds10/01/2022 to 09/30/2023176 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds10/01/2021 to 09/30/2022176 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds10/01/2020 to 09/30/2021176 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds10/01/2019 to 09/30/2020176 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days10/01/2022 to 09/30/202348,162 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days10/01/2021 to 09/30/202248,852 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days10/01/2020 to 09/30/202145,953 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days10/01/2019 to 09/30/202040,250 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges10/01/2022 to 09/30/202310,864 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges10/01/2021 to 09/30/202210,095 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges10/01/2020 to 09/30/202111,638 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges10/01/2019 to 09/30/202010,579 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: ALAMANCE REGIONAL MEDICAL CENTER INC.

Direct connection

Operator layer: Cone Health.

Direct connection

Ultimate parent/controller context: Cone Health.

Direct connection

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

Direct connection

Operator/owner context: Cone 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 ServicesprimaryCone Health leadershipCone Health