Blackstone’s TeamHealth Creditors Close Ranks as Loan Comes Due

Creditors of Blackstone Group-owned physician staffing firm TeamHealth Inc. are banding together and consulting with restructuring advisers ahead of a looming loan maturity, according to people familiar with the matter.

Pacific Investment Management Co. is spearheading a group of holders in the term loan due 2024 and getting advice from Lazard and Akin Gump Strauss Hauer & Feld, said the people, who asked not to be identified because the matter is private. Separately, Ares Management is leading another group whose holdings are spread throughout the company’s debt stack, said the people.

The company — which staffs emergency rooms ...