Childrens Hospital Medical Center
dba Cincinnati Children's Hospital Medical Center ·
Cincinnati, Hamilton County, OH
· CCN 363300
Licensed to Children's Hospital Medical Center
Composite
19.5
rank score
Distress
51
FY2024
Fit
64
vs thesis
Estimated ticket
$366M–$1.5B
717 beds ·
over envelope
Ownership
nonprofit
CH
Why it ranks here
- operating margin below -10%
- 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 · FY2024
| Net patient revenue | $2.8B |
| Operating margin | -18.7% |
| Total margin | 7.4% |
| Days cash on hand | 22 |
| Current ratio | 1.69 |
| Occupancy | 66% |
Facility
| Beds | 717 |
| Facility type | CH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $510K |
| Per-bed (high) | $2.0M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 623 | $2.2B | $325M | -12.6% | 11.5% | 42 | 1.58 | 66% | 16,379 | 44 |
| 2022 | 648 | $2.4B | $91.4M | -16.6% | 3.2% | 41 | 1.53 | 69% | 18,508 | 44 |
| 2023 | 711 | $2.5B | $147M | -20.1% | 4.7% | 25 | 1.53 | 64% | 18,484 | 50 |
| 2024 | 717 | $2.8B | $260M | -18.7% | 7.4% | 22 | 1.69 | 66% | 19,833 | 51 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Paul Jenny | corporate officer | 2021-01 | ||
| Paul Jenny | w-2 managing employee | 2021-01 | ||
| Paul Jenny | operational/managerial control | 2021-01 | ||
| Stephen Davis | corporate officer | 2021-11 | ||
| Stephen Davis | operational/managerial control | 2021-11 |
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.