Staffing firm issues loan to hospital in bankruptcy
Staffing firm issues loan to hospital in bankruptcy

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Jackson Investment Group, the parent company of healthcare staffing firm Jackson Healthcare, is providing a debtor-in-possession loan to Jackson Hospital in Alabama to enable the hospital to remain open as it undergoes Chapter 11 bankruptcy and reorganization proceedings. The hospital is not related to Jackson Investment Group despite the similar name; the companies are under separate ownership and operations.
The loan was announced Feb. 6.
“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,” Shane Jackson, president of Jackson Healthcare, said in a press release.
“As a long-standing client of ours, we know the critical work it performs,” Jackson said. “The people of Montgomery and the surrounding areas count on and respect this wonderful institution among the other xcellent healthcare providers in the community.”
Helping ensure patients have access to care is vital, he said.
The Chapter 11 filing is aimed at allowing the hospital to continue operating as it restructures. Jackson Hospital ranks among the largest hospitals in Alabama, according to Jackson Healthcare.