Childrens Medical Center Of Plano
dba Children's Medical Center Plano ·
Plano, Collin County, TX
· CCN 453316
Licensed to Children's Health System Of Texas
Composite
54.2
rank score
Distress
36
FY2023
Fit
95
vs thesis
Estimated ticket
$36.0M–$144M
60 beds ·
within envelope
Ownership
nonprofit
CH
Why it ranks here
- under 30 days cash on hand
- current ratio under 1.5
- liabilities exceed assets
- margin slipping
- 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
- nonprofit — expect AG conversion review
Latest financials · FY2023
| Net patient revenue | $353M |
| Operating margin | 7.5% |
| Total margin | 12.0% |
| Days cash on hand | 0 |
| Current ratio | 1.26 |
| Occupancy | 79% |
Facility
| Beds | 60 |
| 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 | 72 | $193M | $26.9M | 3.3% | 12.6% | 0 | 41.72 | 27% | 1,568 | 31 |
| 2021 | 72 | $273M | $64.4M | 20.8% | 22.9% | 0 | 45.70 | 56% | 3,328 | 24 |
| 2022 | 72 | $337M | $82.5M | 20.9% | 23.7% | 0 | 21.51 | 65% | 4,195 | 22 |
| 2023 | 60 | $353M | $44.3M | 7.5% | 12.0% | 0 | 1.26 | 79% | 5,179 | 36 |
Owners
| Owner | Role | % | Since | Type |
|---|---|---|---|---|
| Children's Health System Of Texas | 5% or greater direct ownership interest | 100 | 2023-01 | |
| Christopher Durovich | corporate officer | 2023-02 | ||
| Christopher Durovich | w-2 managing employee | 2013-02 | ||
| 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 |