Wake Forest Baptist Fiscal Year 2019 Second Quarter Performance

February 11, 2019

By: Bradley A. Clark, M.B.A., Executive Vice President and Chief Financial Officer, Wake Forest Baptist Health

Re: FY19 Q2 Financial Performance 

Wake Forest Baptist Health released its second quarter report on operating performance and operating statistics for fiscal year 2019 (FY19) today highlighting volume growth in the clinical enterprise and the addition of High Point Medical Center.

For the six-month period (July 1, 2018 – Dec. 31, 2018), total net revenues of $1.6 billion were 16.7% higher than the prior year.

In the second quarter of FY19, unrestricted net assets decreased $65.3 million. This loss is comprised of operating income of $15.6 million (0.9% operating margin) and net non-operating loss of $80.8 million.

The balance of the report with accompanying financial statements can be found at the Municipal Securities Rulemaking Board.

Media Contacts:

Paula Faria, pfaria@wakehealth.edu336-716-1279

Joe McCloskey, jmcclosk@wakeheath.edu336-716-1273