PE Healthcare WatchEvidence behind healthcare control

Reviewed 2026-07-02

FIRSTHEALTH MONTGOMERY MEMORIAL HOSPITAL

Ownership, control, relationships, and source records for FIRSTHEALTH MONTGOMERY MEMORIAL HOSPITAL.
Ownership receipt

What we can say clearly

FIRSTHEALTH MONTGOMERY MEMORIAL 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
9 cited sources
Documented warningPart of a corporate hospital chain

FIRSTHEALTH MONTGOMERY MEMORIAL 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
Firsthealth Of The Carolinas IncFIRSTHEALTH MONTGOMERY MEMORIAL HOSPITAL

Evidence limits

Red color requiredCMS enrollment match used where available14 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
OperatorFirstHealth of the Carolinas
Population servedNeeds system/facility catchment estimate

FIRSTHEALTH MONTGOMERY MEMORIAL HOSPITAL is connected to FirstHealth of the Carolinas. 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
controlsFirsthealth Of The Carolinas IncFIRSTHEALTH MONTGOMERY MEMORIAL HOSPITAL

FIRSTHEALTH OF THE CAROLINAS INC is the best available legal-owner or enrolled-operator layer for FIRSTHEALTH MONTGOMERY MEMORIAL HOSPITAL.

  • 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 layerFIRSTHEALTH OF THE CAROLINAS INCFacility legal owner / enrollment layer · legal owner or enrolled operator

FIRSTHEALTH OF THE CAROLINAS INC is shown separately from the parent system and ultimate financial/control context.

Operator layerFirstHealth of the CarolinasNonprofit health system · health 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

FirstHealth of the Carolinas Chief Executive OfficerMickey W. Foster

Official leadership page identifies Mickey W. Foster 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

  • FIRSTHEALTH MONTGOMERY MEMORIAL HOSPITALFirstHealth of the Carolinas · TROY, NC · current record
  • FIRSTHEALTH MOORE REG. HOSP. AND PINEHURST TREATMENTFirstHealth of the Carolinas · PINEHURST, NC · connected NC facility
  • FIRSTHEALTH MOORE REGIONAL HOSPITAL - HOKE CAMPUSFirstHealth of the Carolinas · PINEHURST, NC · connected NC facility
  • FIRSTHEALTH MOORE REGIONAL HOSPITAL - HOKE CAMPUSFirstHealth of the Carolinas · RAEFORD, NC · connected NC facility
  • FIRSTHEALTH MOORE REGIONAL HOSPITAL - RICHMONDFirstHealth of the Carolinas · ROCKINGHAM, NC · connected NC facility

Timeline

Ownership history and events

  1. controls

    FIRSTHEALTH OF THE CAROLINAS INC is the best available legal-owner or enrolled-operator layer for FIRSTHEALTH MONTGOMERY MEMORIAL HOSPITAL.

  2. 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.

  3. 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$19,972,285Hospital 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$18,200,453Hospital 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$15,336,818Hospital 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$12,001,621Hospital 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$17,986,274Hospital 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$16,794,995Hospital 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$14,447,010Hospital 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$12,577,240Hospital 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$2,116,266Hospital 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$1,518,708Hospital 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$1,009,462Hospital 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$250,379Hospital 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$5,621,893Hospital 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$6,233,535Hospital 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$5,466,526Hospital 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$3,604,079Hospital 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$4,602,412Hospital 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$7,330,320Hospital 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$8,082,019Hospital 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$7,229,033Hospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees10/01/2022 to 09/30/2023118.59 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees10/01/2021 to 09/30/2022113.83 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees10/01/2020 to 09/30/2021102.3 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
fte employees10/01/2019 to 09/30/202095.82 FTEHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds10/01/2022 to 09/30/20233 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds10/01/2021 to 09/30/20223 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds10/01/2020 to 09/30/20213 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
beds10/01/2019 to 09/30/20203 bedsHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days10/01/2022 to 09/30/20232,580 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days10/01/2021 to 09/30/20222,619 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days10/01/2020 to 09/30/20211,920 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
patient days10/01/2019 to 09/30/2020997 daysHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges10/01/2022 to 09/30/2023299 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges10/01/2021 to 09/30/2022334 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges10/01/2020 to 09/30/2021258 dischargesHospital Provider Cost Report value. Compare only like fields and compatible fiscal periods; no causal inference is implied.
discharges10/01/2019 to 09/30/2020180 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: FIRSTHEALTH OF THE CAROLINAS INC.

Direct connection

Operator layer: FirstHealth of the Carolinas.

Direct connection

Ultimate parent/controller context: FirstHealth of the Carolinas.

Direct connection

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

Direct connection

Operator/owner context: FirstHealth of the Carolinas.

Direct connection

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

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Sources

Evidence and source documents