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Judge Approves $35M Loan for Jackson Hospital's Survival

10/16/2025

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Summary

Story summary

A federal judge approved a $35 million Debtor in Possession loan for Jackson Hospital in Montgomery, Alabama, to operate through the holidays.
Jackson Hospital filed for bankruptcy in February after defaulting on a $60 million loan.
Jackson Investment Group plans to provide an additional $15 million, contingent on receiving a $50 million grant from local and state governments.
The Montgomery city council has agreed to support the hospital, but details on financial assistance remain unclear.

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Story summary

A federal judge approved a $35 million Debtor in Possession loan for Jackson Hospital in Montgomery, Alabama, to operate through the holidays.
Jackson Hospital filed for bankruptcy in February after defaulting on a $60 million loan.
Jackson Investment Group plans to provide an additional $15 million, contingent on receiving a $50 million grant from local and state governments.
The Montgomery city council has agreed to support the hospital, but details on financial assistance remain unclear.