The operating company of General Healthcare Group, the hospital operator backed by private equity firm Apax and South African private hospital company Netcare, has refinanced part of its debt package as wrangling over its securitised property debt continues.

BMI Healthcare, the operating company of GHG, secured backing from 90% of its lenders to repay £60 million of its debt and to extend its debt maturities for up to three years. As a result of the amend and extend agreement, BMI Healthcare's gross debt fell to £145 million from £213 million as at the end of March, according to an e-mailed statement from the company. BMI Healthcare was advised by Citigroup.