dealflow
envelope $200M

← Targets

Christian Hospital Northeast

dba Christian Hospital Northeast Northwest · St. Louis, St. Louis County, MO · CCN 260180
Licensed to Christian Hospital Northeast Northwest

Composite
56.5
rank score
Distress
58
FY2023
Fit
76
vs thesis
Estimated ticket
$113M–$450M
265 beds · within envelope
Ownership
nonprofit
STH

Why it ranks here

  • operating margin -10% to -5%
  • total margin below -8%
  • under 30 days cash on hand
  • margin slipping
  • urban — higher occupancy and iteration surface
  • large — ticket likely stretches the envelope
  • 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$349M
Operating margin -9.4%
Total margin -12.9%
Days cash on hand 1
Current ratio 1.89
Occupancy72%

Facility

Beds265
Facility typeSTH
Settingurban
Ownership classnonprofit
Per-bed (low) $425K
Per-bed (high) $1.7M

Financial history

FYBedsNet patient rev Net incomeOp margin Total marginDays cash Current ratioOccupancy DischargesDistress
2020 267 $280M $-33.0M -5.9% -11.4% 1 0.60 60% 11,912 74
2021 267 $326M $-13.0M -3.7% -3.8% 1 0.98 68% 11,911 59
2022 267 $341M $-34.6M -6.6% -9.9% 1 1.96 76% 11,972 61
2023 265 $349M $-45.8M -9.4% -12.9% 1 1.89 72% 12,573 58

Owners

OwnerRole%SinceType
Bjc Health System
Saint Louis, MO
other 1992-05
Bradley Freeman corporate director 2025-01
Carlton Adams corporate director 2022-01
Carlton Adams operational/managerial control 2022-01
Charlotte Hammond corporate director 2023-01
Charlotte Hammond operational/managerial control 2023-01
Christian Health Services Development Corporation
Saint Louis, MO
other 1981-03
Christian Hospital Northeast Northwest
Saint Louis, MO
operational/managerial control 1993-06
David Otto corporate director 2001-01
David Otto operational/managerial control 2001-01
Douglas Blair corporate director 2025-01
Erica Henderson corporate director 2020-01
Erica Henderson operational/managerial control 2020-01
Jeff Pittman corporate director 2019-01
Jeff Pittman operational/managerial control 2019-01
John Lynch corporate director 2026-01
John Moten corporate director 2023-01
Matthew Forck corporate director 2021-01
Matthew Forck operational/managerial control 2021-01
Michael Kennedy corporate director 2020-01
Michael Kennedy operational/managerial control 2020-01
Moyosore Onifade corporate director 2026-01
Olayiwola Olagbegi corporate director 2026-01
Olayiwola Olagbegi operational/managerial control 2026-01
Paul Irovic corporate officer 2023-02

Showing 25 of 42. Full list via /api/targets/260180.

Ownership changes

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

Who has been buying in MO

Completed CMS ownership changes in this state. These buyers already cleared the licensure process here — and whoever advised them knows this market.

DateBuyerSellerHospitalBeds
2024-07-01 New Liberty Hospital Corporation New Liberty Hospital District Liberty Hospital 199
2024-01-01 Curators Of The University Of Missouri Capital Region Medical Center Univ Of Missouri Health Care 665
2024-01-01 Curators Of The University Of Missouri Capital Region Medical Center Univ Of Missouri Health Care 665