Market Analysis — WAKE MED CARY HOSPITAL
NC market | 6 hospitals | HHI: 2,979 (Concentrated)
🛡️ Public data only — no PHI permitted on this instance.
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6
Hospitals in Market
1,846
Total Beds
$3.7B
Market Revenue
Concentrated
HHI: 2,979
None
Moat Rating (2/10)
#4
Market Share Rank
Competitive Moat (Mauboussin Framework)
Based on "Measuring the Moat" adapted for healthcare. Score 0-10: wide (8+), narrow (5-7), none (<5).
Scale Advantageweak
Switching Costsmoderate
Market Share8.5%
Top 3 Concentration89.3%
Network Density0.33
Margin vs Market-2.5%
Bed Util vs Market+27.4%
What This Means
This hospital has a none moat — no moat — commoditized market position, pricing power limited. The NC market is highly concentrated — few dominant players, potential antitrust concerns (HHI: 2,979).
Implications: Operational improvements are the primary value driver — see the EBITDA bridge. Compare against peers via comparables or see the full NC market.
Top Competitors
| Hospital | Beds | Revenue | Rev Share | Bed Share |
|---|---|---|---|---|
| REX HOSPITAL | 489 | $1,510M | 40.4% | 26.5% |
| WAKEMED RALEIGH CAMPUS | 609 | $1,147M | 30.7% | 33.0% |
| DUKE RALEIGH HOSPITAL | 186 | $683M | 18.3% | 10.1% |
| HOLLY HILLS HOSPITAL | 296 | $58M | 1.6% | 16.0% |
| TRIANGLE SPRINGS | 77 | $24M | 0.7% | 4.2% |
Regional Payer Mix
■ Medicare 21%■ Medicaid 4%■ Commercial 75%