Novant Health says CEO Carl Armato received a 3.9% increase in total compensation to $4.14 million in fiscal 2019, including a 7.9% increase in salary and 9% increase in incentive pay. Armato succeeded Paul Wiles as CEO in 2012. Novant had excess revenue of $523 million in 2019, bolstered by a big increase in its investment portfolio. Operating revenue gained 9% to $5.4 billion. The Winston-Salem-based system is buying Wilmington’s New Hanover Regional Medical Center in a $5.3 billion deal.