Blackstone-Backed TeamHealth Starts Confidential Financing Talks

Physician staffing firm TeamHealth Inc. has begun confidential talks with investors as it looks to tackle its looming debt wall, according to people with knowledge of the situation.

Creditors to the Blackstone Inc.-backed company have signed non-disclosure agreements to discuss options with the company that could include new second-lien financing, said the people, who asked not to be identified because the matter is private.

A representative for TeamHealth didn’t respond to a request for comment, while Blackstone declined to comment. Reorg earlier reported that the company was considering raising second-lien debt.

Earlier this year, the company extended around 55% of ...