St Christophers Hospital For Childr
dba St Christopher's Hospital For Children ·
Philadelphia, Philadelphia County, PA
· CCN 393307
Licensed to Stc Opco Llc
Composite
66.2
rank score
Distress
79
FY2024
Fit
76
vs thesis
Estimated ticket
$75.6M–$302M
180 beds ·
within envelope
Ownership
nonprofit
CH
Why it ranks here
- operating margin below -10%
- total margin negative
- under 30 days cash on hand
- current ratio below 0.8
- occupancy 30-45%
- margin deteriorating sharply
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size uses the capital envelope well
- thin occupancy
- nonprofit — expect AG conversion review
Latest financials · FY2024
| Net patient revenue | $244M |
| Operating margin | -50.4% |
| Total margin | -1.9% |
| Days cash on hand | 29 |
| Current ratio | -1.22 |
| Occupancy | 35% |
Facility
| Beds | 180 |
| Facility type | CH |
| Setting | urban |
| Ownership class | nonprofit |
| Per-bed (low) | $420K |
| Per-bed (high) | $1.7M |
Financial history
| FY | Beds | Net patient rev | Net income | Op margin | Total margin | Days cash | Current ratio | Occupancy | Discharges | Distress |
|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 188 | $55.3M | $-61.0M | -260.5% | -44.0% | 112 | -2.37 | 37% | 2,479 | 68 |
| 2021 | 188 | $814M | $507M | 56.4% | 58.8% | 14 | -1.12 | 33% | 3,925 | 41 |
| 2022 | 188 | $223M | $-22.0M | -42.1% | -7.5% | 22 | -1.22 | 33% | 4,181 | 81 |
| 2023 | 188 | $227M | $-526K | -46.8% | -0.2% | 62 | -1.75 | 33% | 4,181 | 64 |
| 2024 | 180 | $244M | $-6.9M | -50.4% | -1.9% | 29 | -1.22 | 35% | 5,148 | 79 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Stc Healthcare Partners Llc | 5% or greater direct ownership interest | 100 | 2019-12 | |
| Tower Health | operational/managerial control | 100 | 2019-12 | |
| Drexel University | 5% or greater indirect ownership interest | 50 | 2019-12 | |
| Tower Health | 5% or greater indirect ownership interest | 50 | 2019-12 | |
| Chad Lassiter | other | 2022-01 | ||
| Charles Cairns | other | 2022-01 | ||
| David Blum | other | 2022-01 | ||
| Donald Mueller | other | 2022-01 | ||
| Helen Bowman | other | 2022-01 | ||
| Martin Herman | other | 2022-01 | ||
| Ogechukwu Menkiti | other | 2022-01 | ||
| Renee Turchi | other | 2022-01 | ||
| Robert Ehinger | contracted managing employee | 2022-01 | ||
| Robert Ehinger | corporate officer | 2022-01 |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2019-12-15 | change of ownership | Stc Opco Llc | St Christophers Healthcare Llc |
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.
| Date | Buyer | Seller | Hospital | Beds |
|---|---|---|---|---|
| 2019-12-15 | Stc Opco Llc | St Christophers Healthcare Llc | St Christophers Hospital For Childr | 180 |