Christiana Care Health System
dba Christianacare ·
Wilmington, New Castle County, DE
· CCN 080001
Licensed to Christiana Care Health Services Inc
Composite
17.8
rank score
Distress
50
FY2024
Fit
55
vs thesis
Estimated ticket
$498M–$2.0B
1,172 beds ·
over envelope
Ownership
nonprofit
STH
Why it ranks here
- operating margin below -10%
- 30-60 days cash on hand
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- very large — likely out of range
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $2.4B |
| Operating margin | -10.1% |
| Total margin | 15.2% |
| Days cash on hand | 43 |
| Current ratio | 2.57 |
| Occupancy | 84% |
Facility
| Beds | 1,172 |
| Facility type | STH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $425K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 1,205 | $2.0B | $575M | -7.8% | 21.1% | 113 | 1.77 | 72% | 55,837 | 27 |
| 2022 | 1,180 | $2.1B | $-425M | -15.5% | -21.3% | 53 | 1.85 | 86% | 58,117 | 61 |
| 2023 | 1,172 | $2.3B | $292M | -14.6% | 10.1% | 41 | 2.08 | 88% | 49,852 | 44 |
| 2024 | 1,172 | $2.4B | $474M | -10.1% | 15.2% | 43 | 2.57 | 84% | 57,409 | 50 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Aileen Abad | w-2 managing employee | 2018-07 | ||
| Judy Riesen | corporate director | 2021-01 | ||
| Judy Riesen | w-2 managing employee | 2021-01 | ||
| Judy Riesen | operational/managerial control | 2021-01 | ||
| Robert Mcmurray | corporate director | 2020-11 | ||
| Robert Mcmurray | w-2 managing employee | 2020-11 | ||
| Robert Mcmurray | operational/managerial control | 2020-11 | ||
| Susan Naumann | corporate director | 2020-11 | ||
| Susan Naumann | w-2 managing employee | 2020-11 | ||
| Susan Naumann | operational/managerial control | 2020-11 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.