Childrens Hospital Of Michigan
dba Children's Hospital Of Michigan ·
Detroit, Wayne County, MI
· CCN 233300
Licensed to Vhs Childrens Hospital Of Michigan Inc
Composite
28.3
rank score
Distress
2
FY2023
Fit
68
vs thesis
Estimated ticket
$137M–$547M
228 beds ·
within envelope
Ownership
for-profit
CH
Why it ranks here
- occupancy 45-60%
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size well above the envelope
- moderate occupancy
- for-profit — no charitable conversion review
Latest financials · FY2023
| Net patient revenue | $433M |
| Operating margin | 3.7% |
| Total margin | 5.6% |
| Days cash on hand | — |
| Current ratio | 2.55 |
| Occupancy | 56% |
Facility
| Beds | 228 |
| Facility type | CH |
| Setting | urban |
| Ownership class | for-profit |
| 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 | 228 | $334M | $3.2M | -10.7% | 0.9% | 0 | 2.47 | 57% | 8,067 | 56 |
| 2021 | 226 | $432M | $36.8M | 9.4% | 8.6% | 0 | 1.75 | 66% | 9,369 | 22 |
| 2022 | 227 | $393M | $66.0M | -0.4% | 14.3% | 0 | 1.81 | 61% | 9,020 | 38 |
| 2023 | 228 | $433M | $24.8M | 3.7% | 5.6% | — | 2.55 | 56% | 8,584 | 2 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Tenet Healthcare Corporation | 5% or greater indirect ownership interest | 100 | 2013-10 | |
| Vanguard Health Financial Company Llc | 5% or greater indirect ownership interest | 100 | 2011-01 | |
| Vanguard Health Holding Company I Llc | 5% or greater indirect ownership interest | 100 | 2011-01 | |
| Vanguard Health Holding Company Ii Llc | 5% or greater indirect ownership interest | 100 | 2011-01 | |
| Vanguard Health Management Inc | 5% or greater indirect ownership interest | 100 | 2011-01 | |
| Vanguard Health Systems Inc | 5% or greater indirect ownership interest | 100 | 2011-01 | |
| Vhs Of Michigan Inc | 5% or greater direct ownership interest | 100 | 2011-01 | |
| Morgan Stanley Dean Witter Capital | 5% or greater indirect ownership interest | 8 | 2011-01 | |
| Angelo Pagano | corporate officer | 2024-07 | ||
| Archie Drake | corporate officer | 2022-12 | ||
| Archie Drake | w-2 managing employee | 2022-12 | ||
| Joshua Burkett | corporate officer | 2024-10 | ||
| Kristina Mack | corporate officer | 2014-07 | ||
| Morgan Stanley Dean Witter Capital | 5% or greater direct ownership interest | 2010-10 | ||
| Saumya Sutaria | other | 2019-09 | ||
| Sharilee Smith | corporate director | 2024-03 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.