# Children's Health System of Texas (CHST)

Children's Health System of Texas (CHST) is a Foundation based in Dallas, United States.

## Overview

- **Organization type:** Foundation
- **Headquarters:** Dallas, United States
- **Region:** North America
- **Address:** Dallas, TX, United States
- **Founded:** 1913
- **Assets under management:** Undisclosed
- **Website:** childrens.com

## Regulatory record

- **Reports private funds:** No

## About

Children's Health System of Texas (CHST) was founded in 1913 as a single Dallas hospital and has grown into the largest pediatric healthcare system in North Texas. Christopher J. Durovich has served as President and CEO since 2002, overseeing the system's expansion from a single campus to multiple facilities, including Children's Medical Center Dallas and Plano, and a new Dallas pediatric campus under construction. CHST's investment strategy is multi-asset and operationally driven, with known allocations to private oil & gas, real estate, and infrastructure. The system directly owns medical office buildings and commercial properties, including the Prosper Medical Office Building and a facility at The Shops at RedBird. Its endowment, managed by CIO Valbona Schwab, supports the Children's Medical Center Foundation and is structured to generate returns that fund clinical operations and capital projects. The system employs roughly 11,000 staff and maintains a strong academic partnership with UT Southwestern Medical Center through a joint venture, Pediatric Health Management Services (PHMS). In recent years, CHST has expanded its physical footprint, including a new pediatric campus at Harry Hines Blvd and Mockingbird Lane in Dallas. The system's board, chaired by Ed Heffernan, provides governance oversight. A structural differentiator is CHST's integrated model: it is both a hospital operator and an asset owner, with its investment portfolio directly tied to its healthcare infrastructure. This hybrid architecture allows it to deploy capital into real estate and energy assets that serve both financial returns and operational needs — a dual mandate uncommon among non-profit health systems.

## Sectors

- Healthcare Services
- Real Estate
- Infrastructure
- Private Oil & Gas

## People

- Christopher J. Durovich — President and CEO
- Valbona Schwab — Chief Investment Officer
- Ed Heffernan — Chairman of the Board

## Questions

### Who runs investment decisions at Children's Health System of Texas?

Valbona Schwab serves as Chief Investment Officer (CIO) as of 2025, overseeing the endowment and investment portfolio. Christopher J. Durovich is President and CEO of the health system, providing strategic direction. The board, chaired by Ed Heffernan, provides governance oversight.

### How is CHST structured as an investment entity?

CHST is a non-profit health system that operates as both a hospital operator and an asset owner. Its investment portfolio is managed within the Children's Medical Center Foundation endowment, with the dual purpose of generating financial returns and supporting clinical infrastructure. This is distinct from a standalone foundation.

### Does CHST have external investment partners?

CHST's known external relationships include a joint venture with UT Southwestern Medical Center called Pediatric Health Management Services (PHMS), which focuses on pediatric care delivery. On the investment side, specific external managers or co-investors are not publicly disclosed.

### Where is CHST geographically focused for its operations?

CHST's clinical operations are concentrated in North Texas, with major hospitals in Dallas and Plano, and a new campus under construction in Dallas. Its real estate assets are likewise primarily in the Dallas–Fort Worth metroplex.

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Last updated: 2026-06-03T20:00:00.000Z

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