The rating upgrade was supported by a number of factors, including PRMC’s steady operating results in 2014 (fiscal year ended June 30, 2014) which have remained steady through the six-month interim period ended Dec. 31, 2014, according to Fitch.
The rating upgrade was also supported by PRMC’s balance sheet strength, as well as its stable and leading market position.
The hospital also faces some challenges, which were considered for the rating upgrade, such as having a relatively small revenue base and the presence of several larger health systems based in San Antonio.
Fitch noted that PRMC’s ability to maintain a stable medical staff will be necessary to preserve operating performance going forward.
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