Just eight months after being rescued from bankruptcy, Jackson Hospital & Clinic once again faces a financial crossroads — this time with only weeks to secure a plan that could keep its doors open.
Hospital administrators told the Montgomery City Council this week that without new funding, operations could cease by the end of October. The hospital currently has about $2 million on hand, which is not enough to cover expenses beyond the next 30 days.
Leaders from Jackson Healthcare and its parent company, Jackson Investment Group, which have provided emergency support since the hospital filed for Chapter 11 bankruptcy earlier this year, say they’re extending an additional $3-4 million loan to sustain operations through October.
That short-term extension, they explained, is designed to giv