dealflow
envelope $200M

← Targets

Ann & Robert H. Lurie Childrens Hos

dba Lurie Children's · Chicago, Cook County, IL · CCN 143300
Licensed to Ann & Robert H. Lurie Children's Hospital Of Chicago

Composite
54.6
rank score
Distress
63
FY2024
Fit
66
vs thesis
Estimated ticket
$186M–$743M
364 beds · within envelope
Ownership
nonprofit
CH

Why it ranks here

  • operating margin below -10%
  • under 30 days cash on hand
  • current liabilities exceed current assets
  • margin deteriorating sharply
  • urban — higher occupancy and iteration surface
  • specialty facility — narrower problem scope
  • large — ticket likely stretches the envelope
  • ticket size well above the envelope
  • strong occupancy — good iteration surface
  • nonprofit — expect AG conversion review

Latest financials · FY2024

Net patient revenue$1.2B
Operating margin -17.3%
Total margin 15.4%
Days cash on hand 9
Current ratio 0.90
Occupancy73%

Facility

Beds364
Facility typeCH
Settingurban
Ownership classnonprofit
Per-bed (low) $510K
Per-bed (high) $2.0M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2021 362 $915M $334M -15.7% 24.0% 19 1.65 65% 9,564 50
2022 364 $1.0B $-68.5M -15.5% -6.1% 41 1.43 72% 10,002 60
2023 364 $1.2B $193M -12.8% 12.8% 19 1.31 73% 10,291 53
2024 364 $1.2B $257M -17.3% 15.4% 9 0.90 73% 10,952 63

Owners

OwnerRole%SinceType
Children's Hospital Of Chicago Medical Center
Chicago, IL
operational/managerial control 100 2012-06
Alexander Miller corporate officer 2023-02
Alfreda Bradley-Coar corporate director 2019-05
Andrew Reyes corporate director 2018-05
Barbara Sullivan corporate director 2019-08
Brendan Carroll corporate director 2015-12
Brian Price corporate director 2016-08
Bruce Saltzberg corporate director 2018-12
Carl Allegretti corporate director 2014-08
Catherine Gledhill corporate director 2024-12
Courtney Hardy corporate officer 2024-12
Craig Martin corporate director 2018-03
Daniel Murphy corporate director 2012-12
David Garfield corporate director 2018-12
David Helfand corporate director 2011-05
Donald Edwards corporate director 2012-12
Fatema Zani corporate officer 2020-02
Frank Jimenez corporate director 2024-08
Hays Watkins corporate officer 2023-12
Janet Malzone corporate director 2019-12
Jason Perlioni corporate director 2024-12
Jeffrey Wright corporate director 2024-10
John Greisch corporate director 2013-05
John Rutledge corporate director 2018-08
John Simpson corporate director 2014-08

Showing 25 of 48. Full list via /api/targets/143300.

Ownership changes

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