Jackson Hospital in Montgomery has received $40 million from the state as it exits bankruptcy following a tumultuous period of financial uncertainty.Â
According to WSFA, the state allocated the funds to assist with covering capital expenses.Â
“The sustainability of Jackson Hospital and the viability of a strong healthcare system with Baptist Health remains critical for our capital city and the River Region," said Gov. Kay Ivey in a statement. "With Jackson Hospital officially emerging from bankruptcy, the state has transmitted the $40 million we promised for necessary capital expenses."
Ivey stated that discussions will be held with stakeholders, who will also work with the next administration under newly elected Tommy Tuberville.Â
"I would again like to thank Jackson Healthcare CEO Rick Jackson, Blue Cross Blue Shield of Alabama, as well as county and city officials for working together to forge a path forward for this needed hospital," continued Ivey. "The new leadership at Jackson Hospital has more ahead to ensure a strong future, but I am hopeful that can be achieved for the people who call this area home."
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