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Jackson Healthcare warns Jackson Hospital could close in October without $100M in public support
Summary
Representatives from Jackson Healthcare told the Montgomery City Council the hospital is losing about $5 million a month, has roughly $22 million on hand, and that a plan to stabilize operations depends on state, county and city commitments for major grant or financing support.
Representatives from Jackson Healthcare told the Montgomery City Council that Jackson Hospital is running out of cash and could be forced to close in October unless state, county and city officials commit significant funding and financing. Rick Jackson, chief executive of Jackson Healthcare, said the company "committed up to $25,000,000 to keep the hospital open back in February" and has extended that loan while negotiating a larger plan. Jackson Healthcare outlined a multi‑phase turnaround aimed at rebuilding medical staff, modernizing infrastructure and expanding specialty services, with an estimated infrastructure need the presenters described as more than $100,000,000. John Quinlivan, who led due diligence for the team, said the hospital’s electronic health record is outdated and replacement "can cost as much as…
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