American Physician Partners Wins Time to Resolve Overdue Debt

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.

American Physician sought to raise $520 million to cover its existing debt and fund planned acquisitions, but struggled to attract investors even after it made creditor-friendly changes to ...