Rex Hospital
dba Rex Hospital, Unc Rex Hospital ·
Raleigh, Wake County, NC
· CCN 340114
Licensed to Rex Hospital Inc
Composite
16.0
rank score
Distress
40
FY2024
Fit
55
vs thesis
Estimated ticket
$244M–$978M
489 beds ·
over envelope
Ownership
government
STH
Why it ranks here
- operating margin negative
- under 30 days cash on hand
- margin deteriorating
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- government-owned — public process likely
Latest financials · FY2024
| Net patient revenue | $1.6B |
| Operating margin | -0.5% |
| Total margin | 4.5% |
| Days cash on hand | 10 |
| Current ratio | 1.83 |
| Occupancy | 91% |
Facility
| Beds | 489 |
| Facility type | STH |
| Setting | urban |
| Ownership class | government |
| Per-bed (low) | $500K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 439 | $1.2B | $129M | -2.2% | 9.1% | 71 | 1.73 | 87% | 27,530 | 26 |
| 2022 | 489 | $1.3B | $51.1M | -3.2% | 3.4% | 47 | 1.73 | 86% | 27,234 | 32 |
| 2023 | 489 | $1.5B | $-1.8M | -0.8% | -0.1% | 13 | 1.69 | 89% | 29,916 | 46 |
| 2024 | 489 | $1.6B | $78.9M | -0.5% | 4.5% | 10 | 1.83 | 91% | 31,280 | 40 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| The New Trustees Of The Rex Hospital Inc | 5% or greater direct ownership interest | 100 | 1986-03 | |
| University Of North Carolina Health Care System | operational/managerial control | 100 | 2007-11 | |
| Ananth Mohan | corporate officer | 2025-06 | ||
| Ann Collins | corporate director | 2016-07 | ||
| Ashley Honeycutt | w-2 managing employee | 2015-07 | ||
| Benjamin Mathew | corporate officer | 2023-01 | ||
| Caryn Mcneill | corporate director | 2025-05 | ||
| Catharine Arrowood | corporate director | 2014-01 | ||
| Cherie Webber | w-2 managing employee | 2020-03 | ||
| Daniel Reilly | w-2 managing employee | 2022-05 | ||
| David Mills | corporate director | 2021-01 | ||
| Dayatra Matthews | corporate director | 2025-05 | ||
| Donald Reece Iii | w-2 managing employee | 2025-08 | ||
| Jason Sandner | corporate director | 2019-01 | ||
| Jeffrey Lindsay | corporate director | 2023-12 | ||
| Kevin Anderson | corporate director | 2021-01 | ||
| Kristen Annis | w-2 managing employee | 2019-05 | ||
| Marilyn Pearson | corporate director | 2022-03 | ||
| Meera Udayakumar | corporate officer | 2023-03 | ||
| Melissa Fitzpatrick | corporate director | 2020-09 | ||
| Michael Setliff | corporate officer | 2024-10 | ||
| Michael Setliff | corporate director | 2024-10 | ||
| Nicole Kolacz | corporate officer | 2025-04 | ||
| Robert Oakes | corporate director | 2021-01 | ||
| Roy Tempke | w-2 managing employee | 2021-11 |
Showing 25 of 27. Full list via /api/targets/340114.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.
Who has been buying in NC
Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2026-02-01 | Atrium Health Hospitals Inc | The Charlotte-Mecklenburg Hospital... | Atrium Health Lincoln | 101 |
| 2026-02-01 | Atrium Health Hospitals Inc | The Charlotte-Mecklenburg Hospital... | Atrium Health Cleveland | 308 |
| 2025-07-01 | Atrium Health Hospitals Inc | The Charlotte-Mecklenburg Hospital... | Atrium Health Stanly | 97 |
| 2025-07-01 | Atrium Health Hospitals Inc | The Charlotte-Mecklenburg Hospital... | Atrium Health Anson | 15 |
| 2025-04-01 | Duke Health Lake Norman Regional... | Mooresville Hospital Management... | Lake Norman Regional Medical Center | 123 |
| 2024-03-02 | North Carolina Baptist Hospital | Davie Medical Center | North Carolina Baptist Hospital | 813 |
| 2021-10-01 | Pitt County Memorial Hospital Inc | East Carolina Health-Beaufort Inc | Pitt County Memorial Hospital Inc | 1,013 |
| 2021-10-01 | American Healthcare Systems Llc | Randolph Hospital, Inc. | American Healthcare Systems | 145 |
| 2021-02-01 | Novant Health New Hanover Regional... | New Hanover Regional Medical Center | New Hanover Regional Medical Center | 771 |
| 2019-02-01 | Mh Mission Hospital, Lllp | Mission Hospitals Inc. | Mission Hospital Inc | 717 |
| 2019-02-01 | Mh Mission Hospital Mcdowell, Lllp | The Mcdowell Hospital Inc | The Mcdowell Hospital | 33 |
| 2019-01-01 | The Charlotte-Mecklenburg Hospital... | Mercy Hospital Inc | Atrium Health Pineville | 352 |
| 2018-01-01 | Unc Rockingham Health Care Inc | Morehead Memorial Hospital | Unc Rockingham Hospital | 108 |