Wake Forest Baptist Fiscal Year 2019 Third Quarter Performance

May 30, 2019

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

Re: FY19 Q3 Financial Performance 

Wake Forest Baptist Health released its third 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 nine-month period (July 1, 2018 - March 31, 2019), total net revenues of $2.5 billion were 18.3% higher than the prior year.

In the third quarter of FY19, unrestricted net assets decreased $10.8 million. This loss is comprised of operating income of $7.4 million (0.3% operating margin) and net non-operating loss of $18.2 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