Jackson Hospital Installs New CEO and Board to Steer Bankruptcy Turnaround

Conditional local pledges hinge on state support, with operations currently funded by a debtor-in-possession loan.

Overview

John Quinlivan took over as CEO on Nov. 3 with a mandate to present a restructuring plan that keeps the 344-bed hospital open.
A three-member board—Charles Evans, Jeff Crudele and Gary M. Murphey—assumed leadership on Oct. 31 to guide financial recovery and operational resets.
Local officials have advanced conditional aid reported at roughly $25 million, and those commitments depend on additional support from the State of Alabama.
The hospital remains in Chapter 11 and continues operating through a $25 million debtor-in-possession loan from Jackson Investment Group.
Leaders cite more than $100 million in deferred maintenance needs, and S&P cut related bonds to default after a missed $60 million interest payment.