Hospital systems Steward Health Care and Prospect Medical Holdings, among the largest tenants of healthcare real estate owner Medical Properties Trust , have brought on financial advisers to help refinance credit lines after some recent financial struggles, according to people familiar with the matter.
Steward has hired Guggenheim Securities to refinance asset-based loans due at the end of this year, according to people familiar with the matter. Prospect Medical is being advised by Houlihan Lokey on a refinancing effort, other people familiar said.