Childrens Medical Center Of Dallas
Dallas, TX
· CCN 453302
Licensed to Children's Health System Of Texas
Composite
15.5
rank score
Distress
16
FY2023
Fit
79
vs thesis
Estimated ticket
$233M–$931M
388 beds ·
over envelope
Ownership
nonprofit
CH
Why it ranks here
- 90-150 days cash on hand
- current ratio below 0.8
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- large — ticket likely stretches the envelope
- estimated price exceeds the capital envelope
- strong occupancy — good iteration surface
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $1.9B |
| Operating margin | 10.7% |
| Total margin | 16.2% |
| Days cash on hand | 148 |
| Current ratio | -1.06 |
| Occupancy | 72% |
Facility
| Beds | 388 |
| 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 | 386 | $1.1B | $158M | -0.3% | 12.4% | 209 | 0.54 | 54% | 8,901 | 31 |
| 2021 | 378 | $1.3B | $225M | 10.8% | 16.3% | 247 | -1.24 | 62% | 11,602 | 13 |
| 2022 | 377 | $1.6B | $199M | 10.3% | 12.0% | 222 | -1.11 | 68% | 13,016 | 13 |
| 2023 | 388 | $1.9B | $327M | 10.7% | 16.2% | 148 | -1.06 | 72% | 13,395 | 16 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Children's Health System Of Texas | 5% or greater direct ownership interest | 100 | 2023-01 | |
| Children's Health System Of Texas | operational/managerial control | 100 | 2023-01 | |
| Christopher Durovich | corporate officer | 2023-02 | ||
| Christopher Durovich | operational/managerial control | 2023-02 | ||
| Robert Fries | corporate officer | 2021-11 |
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 |