FirstHealth of the Carolinas

FirstHealth of the Carolinas

FirstHealth of the Carolinas was founded in 1995 as a private, not-for-profit health care network. Its flagship campus, Moore Regional Hospital in Pinehurst, anchors a system that includes three additional hospitals — Moore Regional Hospital-Hoke, Moore Regional Hospital-Richmond, and Montgomery Memorial Hospital — plus a network of primary care and specialty clinics. The system earns revenue through patient care and deploys capital into clinical and physical infrastructure rather than a traditional investment portfolio. The organization allocates capital across hospital-based acute care, outpatient facilities, fitness centers, and a regional medical transport fleet. Its asset base includes the FirstHealth Cancer Center, six FirstHealth Fitness Centers located across Moore, Hoke, Richmond, and Montgomery counties, and the Clara McLean House hospitality facility. FirstHealth also partners with Troy Medicare to provide in-network Medicare Advantage access, blending direct service delivery with a payer relationship. Operations span central and south-central North Carolina, concentrated in Pinehurst, Raeford, Rockingham, and Troy. The network employs clinical and administrative staff whose total deployment is tied to 546 licensed beds and associated outpatient infrastructure. In March 2026, Autumn McFann was named Chief Financial Officer, joining a leadership team that includes CEO Mickey W. Foster and Foundation President Dana Casson. Adjacent structures include The Foundation of FirstHealth, a philanthropic arm that funnels community donations into programmatic mission support rather than a grantmaking endowment. FirstHealth participates in The Leapfrog Group’s national hospital safety grading program and received Program of Distinction recognition from the International Association of Healthcare Safety and Security. FirstHealth is structurally distinct from asset managers that invest in health care — it is the operating entity itself, a community-anchored nonprofit that generates and reinvests its own surpluses. The Foundation of FirstHealth sits alongside the hospital network as a fundraising vehicle, creating a two-entity architecture where clinical operations drive the mission and the foundation supports it. The board, chaired by Dr. Art Edgerton, oversees this governance structure without a disclosed investment committee or external allocation function.