Sound Inpatient Physicians Hires Adviser for Balance Sheet Help

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Hospital-staffing company Sound Inpatient Physicians has hired PJT Partners for debt advice as it grapples with earnings pressure

for debt advice as the hospital-staffing company grapples with earnings pressure, according to people with knowledge of the situation.

Some of its lenders have already formed a steering committee and signed a cooperation agreement that will bind them to act together in negotiations, said the people, who asked not to identified because the matter is private. Typically lenders sign such agreements when they perceive a company to be struggling.

 

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