Cook Childrens Medical Center
Fort Worth, Tarrant County, TX
· CCN 453300
Licensed to Cook Children's Medical Center
Composite
11.4
rank score
Distress
2
FY2023
Fit
69
vs thesis
Estimated ticket
$268M–$1.1B
447 beds ·
over envelope
Ownership
nonprofit
CH
Why it ranks here
- occupancy 45-60%
- TX: favorable regulatory climate
- 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 | $1.6B |
| Operating margin | 10.1% |
| Total margin | 21.1% |
| Days cash on hand | 200 |
| Current ratio | 3.67 |
| Occupancy | 54% |
Facility
| Beds | 447 |
| 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 | 401 | $1.1B | $234M | 11.3% | 19.1% | 373 | 6.77 | 55% | 10,975 | 2 |
| 2021 | 427 | $1.2B | $360M | 12.5% | 25.1% | 342 | 10.00 | 52% | 10,523 | 2 |
| 2022 | 423 | $1.5B | $399M | 16.5% | 24.1% | 206 | 5.09 | 57% | 10,851 | 2 |
| 2023 | 447 | $1.6B | $387M | 10.1% | 21.1% | 200 | 3.67 | 54% | 10,296 | 2 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Cory Rhoades | corporate officer | 75 | 2019-10 | |
| Andrew Wayne | corporate officer | 2024-06 | ||
| Bonnie Petsche | corporate officer | 2021-06 | ||
| Cook Childrens Healthcare System | 5% or greater direct ownership interest | 1998-05 | ||
| Edwin Ryan | corporate officer | 2023-06 | ||
| Jeffrey Cureton | corporate officer | 2019-06 | ||
| John Boswell | corporate director | 2023-06 | ||
| Kristy Smith | w-2 managing employee | 2008-06 | ||
| Laura Miller | corporate officer | 2022-06 | ||
| Michael Lagatta | corporate officer | 2019-06 | ||
| Na'im Moses | corporate officer | 2024-06 | ||
| Peggy Cassidy | corporate officer | 2023-06 | ||
| Ryan Dickerson | corporate officer | 2019-06 | ||
| Tashanna Oneal | w-2 managing employee | 2019-05 | ||
| Terri Von Lehmden | corporate officer | 2025-06 | ||
| Thomas Ray | corporate officer | 2023-06 | ||
| William Jones | corporate officer | 2019-06 |
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 TX
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 |
|---|---|---|---|---|
| 2023-10-05 | Healthbridge Children's Hospital -... | Nexus Specialty Hospital - The... | Healthbridge Childrens Hospital | 61 |