Hospital tenants of medical real estate rely on personnel consultants for refinancing

Hospital systems Steward Health Care and Prospect Medical Holdings, which are among the largest tenants of healthcare property owner Medical Properties Trust, have brought in financial advisers to help them refinance lines of credit following some recent financial difficulties, according to people familiar with the matter.

According to people familiar with the matter, Steward has retained Guggenheim Securities to refinance asset-based loans due later this year. Houlihan Lokey is advising Prospect Medical on a refinancing, other well-known people said.