dealflow
envelope $200M

← Targets

Childrens Hospital Corporation

dba Boston Childrens Hospital · Boston, Suffolk County, MA · CCN 223302
Licensed to Children's Hospital Corporation

Composite
19.8
rank score
Distress
62
FY2023
Fit
54
vs thesis
Estimated ticket
$247M–$989M
485 beds · over envelope
Ownership
nonprofit
CH

Why it ranks here

  • operating margin below -10%
  • total margin -8% to -3%
  • under 30 days cash on hand
  • margin deteriorating
  • 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$1.9B
Operating margin -29.6%
Total margin -5.5%
Days cash on hand 0
Current ratio 4.92
Occupancy79%

Facility

Beds485
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
2020 415 $1.3B $-38.2M -27.3% -2.4% 0 7.24 71% 12,514 58
2021 415 $1.5B $75.1M -17.5% 4.2% 0 6.60 77% 12,798 50
2022 485 $1.6B $89.7M -27.2% 4.3% 0 6.10 73% 13,225 50
2023 485 $1.9B $-126M -29.6% -5.5% 0 4.92 79% 15,241 62

Owners

OwnerRole%SinceType
Alison Taunton-Rigby corporate director 2002-02
Allan Bufferd corporate director 2010-02
Anthony Ryan corporate director 2025-03
Carlos Estrada corporate director 2025-04
Christopher Viney corporate officer 2024-04
Douglas Berthiaume corporate officer 2019-01
Douglas Berthiaume corporate director 2003-02
Douglas Vanderslice corporate officer 2013-01
Eugene Flood corporate director 2025-01
Gary Fleisher corporate director 2002-02
Gary Loveman corporate director 2006-02
Harvey Lodish corporate director 2006-02
Ivor Horn corporate director 2021-02
James Mandell corporate director 2025-04
Kathleen Regan corporate director 2016-02
Kevin Churchwell corporate officer 2021-04
Kevin Churchwell w-2 managing employee 2021-04
Laura Wood corporate director 2013-05
Lisa Wieland corporate director 2021-02
Paul Pecoraro w-2 managing employee 2021-08
Peter Laussen corporate director 2021-02
Ralph Martin corporate director 2006-02
Robert Langer corporate director 2015-02
Robert Smith corporate officer 2019-01
Robert Smith corporate director 2000-02

Showing 25 of 35. Full list via /api/targets/223302.

Ownership changes

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