GHG looks at debt restructuring

Lenders to General Healthcare Group are in talks on a restructuring of its around £2bn debt pile, banking sources said yesterday, in a process which threatens to leave them nursing heavy losses. The company, one of Britain’s largest independent healthcare services providers, was bought in 2006 by a consortium comprising Apax Partners, Brockton Capital, London & Regional Properties and Netcare, backed by borrowing that matures later in 2013, bankers say.