dealflow
envelope $200M

← Targets

Childrens Hospital Colorado

Aurora, Adams County, CO · CCN 063301
Licensed to Children's Hospital Colorado

Composite
16.4
rank score
Distress
35
FY2023
Fit
63
vs thesis
Estimated ticket
$298M–$1.2B
497 beds · over envelope
Ownership
nonprofit
CH

Why it ranks here

  • operating margin -10% to -5%
  • 30-60 days cash on hand
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • very large — likely out of range
  • estimated price exceeds the capital envelope
  • strong occupancy — good iteration surface
  • nonprofit — expect AG conversion review

Latest financials · FY2023

Net patient revenue$1.5B
Operating margin -9.6%
Total margin 3.8%
Days cash on hand 30
Current ratio 5.08
Occupancy70%

Facility

Beds497
Facility typeCH
Settingurban
Ownership classnonprofit
Per-bed (low) $600K
Per-bed (high) $2.4M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 436 $1.1B $28.9M -10.5% 2.4% 34 8.37 56% 12,441 47
2021 427 $1.2B $94.7M -4.6% 7.0% 25 5.31 62% 14,152 38
2022 486 $1.4B $130M -2.3% 8.2% 50 4.23 70% 17,152 32
2023 497 $1.5B $64.6M -9.6% 3.8% 30 5.08 70% 15,638 35

Owners

OwnerRole%SinceType
David Honeyfield corporate director 2024-04
Jeffrey Harrington corporate officer 2005-05
Jeffrey Harrington w-2 managing employee 2005-05
Jena Hausmann corporate officer 2015-05
Patrick O'rourke corporate officer 2025-01
Scott Morrison corporate director 2024-04
Victoria Quintana corporate director 2024-04
Yvonne Camacho corporate director 2026-04

Ownership changes

No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.