Children's Healthcare of Atlanta (CHoA)

Children's Healthcare of Atlanta (CHoA)

Children's Healthcare of Atlanta (CHoA) was formed in 1998 through the merger of Egleston Children's Hospital and Scottish Rite Children's Medical Center. The non-profit healthcare system operates as an asset owner with an investment portfolio managed by CIO Muthu Muthiah, who leads a team that includes Investment Director Mike Negussie. The portfolio is $6.4B in long-term assets (per the firm's official communications) with a disclosed strategy heavily oriented toward buyouts. Investment activity spans private equity, with a focus on life sciences and global public equities. The system's real estate holdings include the Arthur M. Blank Hospital, Scottish Rite Hospital, Egleston Hospital Campus, the Zalik Behavioral and Mental Health Center, Marcus Autism Center, and an industrial warehouse in Decatur, Georgia. The investment committee includes Kenneth Saffold, a director at BlackRock, and is chaired by Paul Brown, CEO of Inspire Brands. In 2024, the system opened the Arthur M. Blank Hospital, a major capital project. Philanthropic operations are housed under the Children's Healthcare of Atlanta Foundation, Inc. CHoA's structural differentiator is its role as both a healthcare provider and an asset owner — it manages a large institutional portfolio alongside substantial real estate holdings, balancing operating cash flows with investment returns to fund pediatric care across Georgia.