American Physician Partners Wins Time to Resolve Overdue Debt
- Company seeks new financing package after loan deal fizzled
- No Surprises Act clouds outlook for emergency-room revenue
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Lenders to American Physician Partners have given the emergency medical staffing company more time to repay its overdue loans following the collapse of a refinancing deal last month, according to people with knowledge of the matter.
The extension came after the company, jointly owned by its member physicians, management and Brown Brothers Harriman & Co., shelved a leveraged loan sale. The package was designed to replace financing that matured on Dec. 21.