Wake Forest Baptist Fiscal Year 2021 Third Quarter Performance

May 27, 2021

Wake Forest Baptist Health today released its third quarter report on operating performance and operating statistics for fiscal year 2021 (FY21).

For the nine-month period (July 1, 2020 – March 31, 2021), total net revenues were $2.9 billion.

Unrestricted net assets increased by $412.5 million for the nine-month period. This gain is comprised of operating income of $55.4 million (1.9% operating margin) and net non-operating gains of $357.1 million.

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

Media contact: Joe McCloskey, jmcclosk@wakeheath.edu, 336-716-1273