dealflow
envelope $200M

← Targets

The Childrens Hospital Of Philadelp

Philadelphia, Philadelphia County, PA · CCN 393303
Licensed to Children's Hospital Of Philadelphia

Composite
20.8
rank score
Distress
61
FY2024
Fit
62
vs thesis
Estimated ticket
$353M–$1.4B
692 beds · over envelope
Ownership
nonprofit
CH

Why it ranks here

  • operating margin below -10%
  • total margin under 2%
  • under 30 days cash on hand
  • current ratio under 1.5
  • margin deteriorating sharply
  • 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$3.1B
Operating margin -22.7%
Total margin 1.0%
Days cash on hand 14
Current ratio 1.26
Occupancy83%

Facility

Beds692
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
2021 591 $2.2B $191M -19.1% 6.7% 69 2.77 80% 17,075 38
2022 627 $2.5B $112M -18.5% 3.6% 20 2.83 86% 19,619 50
2023 667 $2.7B $114M -26.8% 3.2% 24 2.33 83% 21,030 50
2024 692 $3.1B $38.4M -22.7% 1.0% 14 1.26 83% 22,305 61

Owners

OwnerRole%SinceType
Sophia Holder w-2 managing employee 100 2021-04
Alert Betz corporate director 2011-01
Amanda Radcliffe corporate director 2021-07
Ashley Mcevoy corporate director 2020-07
Christopher Gheysens corporate director 2017-07
Damien Dwin corporate director 2020-07
David Holveck corporate director 2013-07
Diem Nguyen corporate director 2017-07
George Aitken-Davies corporate director 2023-07
Gregory Davis corporate director 2020-07
Joseph St Geme corporate director 2013-07
Lissa Biesecker corporate director 2020-07
Madeline Bell corporate director 1995-01
Nick Adzick corporate director 1995-01
Reid Buerger corporate director 2012-07
Seth Lehr corporate director 2020-07
Sharad Mansukani corporate director 2013-02
Steven Gipstein corporate director 2020-07

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 PA

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

DateBuyerSellerHospitalBeds
2019-12-15 Stc Opco Llc St Christophers Healthcare Llc St Christophers Hospital For Childr 180