According to market reports, the U.K.-based Priory Healthcare has recently appointed Morgan Stanley to carry out a strategic review of its business. It is believed to be considering a sale and leaseback, among other options. According to Morgan Stanley analysts, for any new funding arrangement to work, the existing securitized debt under the issuer's Talisman 2 securitization would need to be redeemed. Priory currently owns £375 million ($731 million) of whole business securitized debt, backed by 44 facilities in the U.K.
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