Rick Jackson's Investment in Alabama Hospital Highlights Healthcare Strategy
Rick Jackson, a candidate for Georgia governor, has invested millions in a failing hospital in Montgomery, Alabama. His medical staffing company was a major creditor of the hospital, which faced financial difficulties due to debt, staffing shortages, and lack of Medicaid expansion. Jackson's investment group provided a $35 million loan to keep the hospital operational, giving his company significant control over its operations. This move is part of Jackson's broader healthcare strategy, which he describes as 'venture philanthropy,' aiming to address structural problems in healthcare.