General Healthcare Group, a U.K. private hospital operator, is in talks with lenders that could lead to a takeover of the company, the Sunday Times reported, without saying where it got the information.
GHG, which trades as BMI Healthcare and is owned by Apax Partners LLP and Netcare Ltd. (NTC), has to pay back 2.3 billion pounds ($3.6 billion) of loans used to fund its acquisition in 2006 by October 2013, according to the newspaper. Apax and Netcare must inject capital into GHG or repay the debt with equity in the business.
GHG has hired Rothschild Bank AG to advise it on talks with bond holders. KKR & Co. LP and D.E. Shaw & Co. bought a portion of GHG’s debt, the London-based newspaper said.
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