The district operates Midland (Texas) Memorial Hospital. The affirmation reflects the district’s ability to produce strong operating margins despite near-term liquidity and recruitment challenges. The rating further reflects the district’s weakened balance sheet through fiscal year 2018 as a result of various operating pressures.
The rating outlook remains stable.
More articles on healthcare finance:
Ohio hospital faces closure after losing Medicare certification
Pennsylvania hospital employees work without pay
HCA reportedly selling $1B in debt to aid Mission Health acquisition