Annual Report

View our 2015 Annual Report (PDF)

Past Annual Reports (pdf):

Financial Overview

(Last Updated on September 27, 2016)

The Charlotte-Mecklenburg Hospital Authority, doing business as Carolinas HealthCare System (CHS), was organized in 1943 under the North Carolina Hospital Authorities Act. The System has its headquarters in Charlotte, Mecklenburg County, North Carolina. Its mission is to create and operate a comprehensive system to provide healthcare and related services, including education and research opportunities, for the benefit of the people it serves.

Carolinas HealthCare System, a not-for-profit self-supporting public organization, is the largest healthcare system in North and South Carolina. A multi-faceted, vertically integrated healthcare system, it offers a wide variety of health and human services to residents of the Carolinas. Carolinas HealthCare System owns, leases and manages hospitals, nursing homes, physician practices, home health agencies, radiation therapy facilities, physical therapy facilities, and other healthcare related operations, comprising more than 7,600 licensed beds and more than 60,000 full-time and part-time employees.

Carolinas HealthCare System debt currently carries an "Aa3" credit rating with a stable outlook from Moody's Investors Service and an "AA-" credit rating with a stable outlook from Standard and Poor's. Moody's and Standard and Poor's ratings were affirmed in September 2016.

Financial Reports

The following documents relating to CHS or its tax-exempt bond issues are available on the Electronic Municipal Market Access (EMMA) website created by the Municipal Securities Rulemaking Board:

  1. Official Statements
  2. Continuing Disclosure Filings Required Under Rule 15c2-12, including:
    - Annual Financial Information, including Audited Financial Statements, and
    - Material Event Notices
  3. Quarterly Financial Statements (Unaudited)

Rating Agency Analysis Reports

Moody’s Report on Charlotte Mecklenburg Hospital Authority d b a Carolinas HealthCare System - September 2016

Standard and Poor's Report on Charlotte Mecklenburg Hospital Authority d b a Carolinas HealthCare System - September 2016

Contact Information for Potential Investors

Questions or comments regarding information contained on this website should be directed to Carolinas HealthCare System Financial Services Division at investor@carolinashealthcare.org. To purchase Carolinas HealthCare System Bonds, please contact your local broker.

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