In 2023, net operating revenues were more than $2.1 billion for Novant Health in the Wilmington Metropolitan Statistical Area (MSA), according to a recent news release from Novant.

Novant Health bought New Hanover Regional Medical Center, previously owned by New Hanover County, in 2021. In the tri-county region, the giant health care provider also owns Novant Health Brunswick Medical Center and Novant Health Pender Medical Center.

The release used results commissioned by Novant and conducted by FTI Consulting’s Center for Healthcare Economics and Policy.

“These revenues generated nearly $2 billion of direct output impact, leading to an indirect output impact of $628 million and an induced output impact of $857 million,” the release stated.

According to the release, the total impact on employment created by the presence of Novant Health in the Wilmington area was a gain of nearly 17,000 jobs in a number of related industries.

The construction activity by Novant Health in the Wilmington MSA created an economic impact of $88 million. Novant Health’s 2023 construction investments in the region contributed more than $36 million in labor income.