Overview
- An Alabama bankruptcy judge expanded Jackson Hospital’s DIP financing from $22 million to $35 million, which the chief restructuring officer said should keep operations running between Thanksgiving and Christmas.
- Jackson Investment Group said it will seek court approval to add $15 million and tied any further private funding to a $50 million grant from local and state governments, with federal infrastructure dollars discussed for capital needs.
- Montgomery Mayor Steven Reed vetoed the city council’s support resolution, citing state law that assigns hospital and indigent care to the county and calling for a new cost split with the county in the lead.
- Lawyers for bondholders opposed the loan extension in court and indicated they will appeal, arguing the approval would cause them irreparable harm.
- The Montgomery County Commission plans to vote on potential contributions Oct. 21 as hospital leaders work toward a reorganization plan expected by February 2026.