Hospital Tenants of Medical Properties Trust Hire Advisers for Refinancings

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.