Healthbridge Childrens Hospital
Houston, Harris County, TX
· CCN 453309
Licensed to Healthbridge Children's Hospital - Houston, Ltd.
Already transacted. CMS recorded an ownership change effective
2023-10-05. Confirm the current owner before spending a call on this.
Composite
21.0
rank score
Distress
42
FY2023
Fit
98
vs thesis
Estimated ticket
$36.6M–$146M
61 beds ·
within envelope
Ownership
for-profit
CH
Why it ranks here
- under 30 days cash on hand
- current ratio below 0.8
- liabilities exceed assets
- part of a multi-hospital chain — divestiture candidate
- TX: favorable regulatory climate
- urban — higher occupancy and iteration surface
- specialty facility — narrower problem scope
- bed count in the target band
- ticket size uses the capital envelope well
- strong occupancy — good iteration surface
- for-profit — no charitable conversion review
- changed ownership 2023-10-05 — likely already transacted
Latest financials · FY2023
| Net patient revenue | $47.4M |
| Operating margin | 23.7% |
| Total margin | 23.7% |
| Days cash on hand | 0 |
| Current ratio | 0.49 |
| Occupancy | 88% |
Facility
| Beds | 61 |
| Facility type | CH |
| Setting | urban |
| Ownership class | for-profit |
| 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 | 40 | $19.7M | $1.3M | 5.8% | 6.7% | 0 | 9.22 | 78% | 136 | 27 |
| 2021 | — | — | — | — | — | — | — | — | — | — |
| 2022 | — | — | — | — | — | — | — | — | — | — |
| 2023 | 61 | $47.4M | $11.2M | 23.7% | 23.7% | 0 | 0.49 | 88% | 185 | 42 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Erin Cassidy | corporate officer | 2014-02 | ||
| Erin Cassidy | operational/managerial control | 2014-02 | ||
| John Cassidy | corporate director | 2004-03 | ||
| Neurobehavioral Management Services | general partnership interest | 1999-10 | ||
| Nhs Holdings, Ltd | limited partnership interest | 1999-10 | chain |
Ownership changes
| Date | Type | Buyer | Seller |
|---|---|---|---|
| 2023-10-05 | acquisition/merger | Healthbridge Children's... | Nexus Specialty Hospital - The... |
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 |