Children's Health

Children's Health

Children's Health launched in 1913 as a pediatric care provider in Dallas. President and CEO Christopher J. Durovich now oversees one of the largest private not-for-profit children's hospital systems in the country, academically linked to UT Southwestern Medical Center. The system's wealth is tied to its real estate and a long-term investment pool rather than a single-family fortune. The organization's capital allocation spans healthcare real assets, operating businesses, and an institutional investment portfolio. Direct real estate holdings are the most visible deployment channel, including the flagship Children's Medical Center Dallas campus, a facility in Plano, and a specialty center on Stemmons Freeway. In a structural move that will lock up capital for a generation, Children's Health and UT Southwestern are jointly building a new 5-million-square-foot pediatric campus at Pogue Park, a project reported at $5 billion. Transport assets include a hangar at Dallas Love Field, a jet, a helicopter, and a ground fleet. Details on the liquid portfolio's asset-class mix are not publicly disclosed. Investment oversight has recently changed. Valbona Schwab was appointed Chief Investment Officer in 2026, taking responsibility for the endowment's financial assets. Governance sits with a board that includes Capitol Peak Partners co-founder Gregg Engles and Cresset Capital CIO Mike Silverman. The Children's Medical Center Foundation operates as the affiliated philanthropic vehicle and is connected to the Children's Miracle Network Hospitals system. The structural differentiator is the hybrid balance sheet: a vertically integrated healthcare operator that also functions as a long-horizon institutional investor. The Pogue Park campus commits the system to a multi-decade real-asset strategy with an academic partner, while the Schwab appointment signals a refreshed posture for the financial portfolio. The foundation, business partnerships, and member networks create a sourcing landscape distinct from a standalone endowment.