ATLANTA & MONTGOMERY, Ala.--(BUSINESS WIRE)--Feb 6, 2025--
Jackson Healthcare®, one of the nation’s premier providers of healthcare workforce services, today announced that its parent company, Jackson Investment Group, will provide a debtor in possession (DIP) loan to Jackson Hospital & Clinic, enabling it to remain open to serve the Montgomery, Alabama community as it undergoes Chapter 11 bankruptcy and reorganization proceedings.
While Jackson Healthcare, Jackson Investment Group, and Jackson Hospital & Clinic all share “Jackson” in their names, Jackson Hospital & Clinic is under separate ownership and operations.
As Jackson Hospital & Clinic has faced the threat of closure, Jackson Investment Group came forward with financing relief in the form of a DIP loan. Under Jackson Hospital & Clinic’s bankruptcy action, it will reorganize operations and implement a financial restructuring through a court-supervised proceeding, while continuing to provide uninterrupted access to health care services and the world-class patient care for which it has been known for nearly 80 years.
“Providing Jackson Hospital & Clinic with timely support in the form of an interim loan as it goes through bankruptcy and restructuring was just the right thing to do,” explained Shane Jackson, president of Jackson Healthcare. “As a long-standing client of ours, we know the critical work it performs. The people of Montgomery and the surrounding areas count on and respect this wonderful institution among the other excellent healthcare providers in the community. Helping ensure current and future patients continue to have access to care is vital – as is providing support during this transitional period to help Jackson Hospital & Clinic emerge even stronger on the other side.”
About Jackson Hospital
Jackson Hospital ranks among the largest hospitals in Alabama and is widely recognized for providing excellence in care, including cardiac, cancer, neurosciences, orthopedics and women’s care, as well as 24-hour emergency care in Montgomery and the Alabama River Region. It remains focused on delivering superior, patient-centered, cost-effective care in a safe, compassionate environment.
About Jackson Healthcare
Jackson Healthcare ® is one of the nation’s premier providers of healthcare workforce services and the parent company of more than 20 businesses that share a common mission: to improve the delivery of patient care and the lives of everyone it touches. Powered by expert associates and tens of thousands of clinician providers, it delivers quality care when and where it’s needed in communities across the country – helping thousands of health systems, hospitals and medical facilities serve over 20 million patients a year. Jackson Healthcare – which marks its 25 th anniversary in 2025 – is Great Place To Work ® Certified ™ and appears on the latest Forbes list of America’s Top Private Companies; Fortune lists of the 100 Best Companies to Work For ® and Best Workplaces in Health Care ™; and PEOPLE ® list of Companies that Care. Learn more at JacksonHealthcare.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250206883085/en/
KEYWORD: UNITED STATES NORTH AMERICA ALABAMA GEORGIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES NURSING HEALTH HOSPITALS PRACTICE MANAGEMENT HUMAN RESOURCES FINANCE
SOURCE: Jackson Healthcare
Copyright Business Wire 2025.
PUB: 02/06/2025 09:00 AM/DISC: 02/06/2025 09:00 AM
http://www.businesswire.com/news/home/20250206883085/en
