Childrens Hospital Medical Center
dba Akron Children's Hospital ·
Akron, Summit County, OH
· CCN 363303
Licensed to Children's Hospital Medical Center Of Akron
Composite
16.5
rank score
Distress
37
FY2023
Fit
62
vs thesis
Estimated ticket
$245M–$979M
408 beds ·
over envelope
Ownership
nonprofit
CH
Why it ranks here
- operating margin -10% to -5%
- 60-90 days cash on hand
- occupancy 45-60%
- 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
- moderate occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $1.1B |
| Operating margin | -8.5% |
| Total margin | 5.3% |
| Days cash on hand | 63 |
| Current ratio | 2.00 |
| Occupancy | 58% |
Facility
| Beds | 408 |
| 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 | 412 | $853M | $95.1M | -8.6% | 9.3% | 60 | 1.80 | 51% | 8,142 | 41 |
| 2021 | 405 | $999M | $149M | -0.2% | 13.0% | 63 | 2.64 | 56% | 9,310 | 28 |
| 2022 | 601 | $1.0B | $13.7M | -7.7% | 1.2% | 73 | 2.53 | 41% | 11,016 | 41 |
| 2023 | 408 | $1.1B | $71.6M | -8.5% | 5.3% | 63 | 2.00 | 58% | 10,467 | 37 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Christopher Gessner | corporate officer | 2021-10 | ||
| Christopher Gessner | corporate director | 2021-10 | ||
| Christopher Gessner | w-2 managing employee | 2021-10 | ||
| Gordon Edwards | corporate officer | 2022-09 | ||
| Gordon Edwards | w-2 managing employee | 2022-09 | ||
| Joan Lauck | corporate director | 2025-06 | ||
| John Mayer | corporate director | 2021-03 | ||
| Joseph Gingo | corporate director | 2024-05 | ||
| Kara Lewis | corporate officer | 2023-05 | ||
| Kara Lewis | corporate director | 2017-03 | ||
| Katherine Holland | corporate officer | 2026-05 | ||
| Katherine Holland | corporate director | 2026-05 | ||
| Kelly Taylor | corporate director | 2026-05 | ||
| Kerwyn Jones | corporate director | 2023-07 | ||
| Laura Markley | corporate director | 2025-07 | ||
| Laurice Moore | corporate director | 2025-06 | ||
| Lewis Macklin | corporate director | 2022-03 | ||
| Lisa Aurilio | w-2 managing employee | 2017-07 | ||
| Lisa Jeffries | corporate director | 2020-04 | ||
| Louis Altman | corporate director | 2025-09 | ||
| Mark Oelschlager | corporate director | 2022-06 | ||
| Melissa Dyer | corporate director | 2025-06 | ||
| Montrella Jackson | corporate director | 2021-06 | ||
| Nicole Gray | corporate director | 2025-08 | ||
| Patrick Covey | corporate director | 2018-03 |
Showing 25 of 33. Full list via /api/targets/363303.
Ownership changes
No CMS ownership change on record since 2016 — this hospital has not traded in at least a decade.