Childrens Hospital
dba Manning Family Children's ·
New Orleans, LA
· CCN 193300
Licensed to Children's Hospital
Composite
38.2
rank score
Distress
20
FY2023
Fit
73
vs thesis
Estimated ticket
$119M–$478M
199 beds ·
within envelope
Ownership
nonprofit
CH
Why it ranks here
- under 30 days cash on hand
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size at the top of the envelope — would need leverage
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $634M |
| Operating margin | 17.8% |
| Total margin | 33.9% |
| Days cash on hand | 1 |
| Current ratio | 17.68 |
| Occupancy | 61% |
Facility
| Beds | 199 |
| Facility type | CH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $600K |
| Per-bed (high) | $2.4M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 190 | $359M | $170M | -3.9% | 31.3% | 40 | 7.83 | 52% | 4,738 | 34 |
| 2021 | 189 | $398M | $111M | -6.6% | 20.7% | 22 | 6.07 | 62% | 5,300 | 44 |
| 2022 | 189 | $523M | $-153M | 6.7% | -45.7% | 32 | 8.43 | 68% | 5,927 | 33 |
| 2023 | 199 | $634M | $268M | 17.8% | 33.9% | 1 | 17.68 | 61% | 5,579 | 20 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| A Hugley | corporate director | 2009-04 | ||
| Andrea Chen | corporate director | 2021-07 | ||
| Anthony Recasner | corporate director | 2009-04 | ||
| Children's Hospital | operational/managerial control | 2004-01 | ||
| Elizabeth Lauricella | corporate director | 2009-04 | ||
| Elizabeth Sullivan | corporate director | 2009-04 | ||
| Elwood Cahill | corporate director | 2009-04 | ||
| Gregory Feirn | w-2 managing employee | 2014-05 | ||
| Gregory St. Etienne | corporate director | 2021-03 | ||
| Henry Peltier | corporate director | 2018-03 | ||
| Jessica Brandt | corporate director | 2020-09 | ||
| Jessica Cahill | corporate officer | 2023-01 | ||
| Jessica Cahill | w-2 managing employee | 2023-01 | ||
| John Nickens | w-2 managing employee | 2017-11 | ||
| John Pearce | corporate director | 2009-04 | ||
| Julie George | corporate director | 2009-04 | ||
| Katie Crosby | corporate director | 2008-03 | ||
| Kaylea Hill | corporate director | 2019-05 | ||
| Kenneth Beer | corporate director | 2009-04 | ||
| Louis Lauricella | corporate director | 2017-05 | ||
| Louisiana Children's Medical Center | 5% or greater direct ownership interest | 2009-07 | ||
| Louisiana Children's Medical Center | operational/managerial control | 2009-07 | ||
| Lucio Fragoso | corporate officer | 2021-01 | ||
| Lucio Fragoso | w-2 managing employee | 2021-01 | ||
| Marilee Hovet | corporate director | 2023-04 |
Showing 25 of 36. Full list via /api/targets/193300.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.