Jackson Hospital finances, bankruptcy loan, BCBS lawsuit collide
Records show rising revenue, recurring losses, a powerful DIP lender, and a reimbursement lawsuit shaping Jackson Hospital’s uncertain future ahead.
bankruptcy
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See recent postsThe perseverance of achievement
Filing bankruptcy in 1875 could have ended H.J. Heinz's vision, but the public humiliation became a catalyst for global success.
Group of senators criticize Corizon/YesCare’s bankruptcy maneuver
Facing tens of millions in lawsuits, prison health care provider Corizon utilized a complicated bankruptcy maneuver in Texas.
Corizon prison healthcare provider declares bankruptcy, YesCare apparently replaces CEO
Sara Tirschwell, who has been CEO of both Corizon and YesCare, is no longer listed as CEO on the YesCare website.
AG Marshall announces millions in settlements with opioid manufacturers, distributors
The settlement funds are to be used to remediate the harms caused by the opioid crisis in Alabama.
April 20, 2022
Alabama congressmen condemn Democrats’ $3.5 trillion budget framework
The six Republican members of Alabama’s House congressional delegation voted against the spending bill.
ASU’s Ross: Coronavirus has exposed longstanding inequities in college funding
Traditionally underfunded and serving an economically challenged student population, America’s historically black colleges are particularly vulnerable to the challenges of COVID-19 and many are facing bankruptcy, Alabama State University President Quinton Ross told CNN on Monday evening. Ross was interviewed by CNN as part of the network’s coverage of how coronavirus shutdowns of college campuses … Continued
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See recent postsReflecting on 2019 and setting goals for 2020
Even after New Year’s celebrations have died down, the beginning of the year is a time to reflect on the past and set goals for the year to come. I’m proud of all that we’ve been able to accomplish since I was sworn in to the Senate in January of 2018, but there’s still so … Continued
Zeigler: One of the three companies bidding on I-10 bridge walked off four projects in Florida
State Auditor Jim Zeigler charged that a company on the short-list for building the Mobile Bayway toll bridge walked off four projects in Florida, and its parent company filed bankruptcy. According to Zeigler, Astaldi Construction Corp. abandoned four large road and bridge construction jobs in Florida. Astaldi’s surety bondholders were required to find and pay … Continued
Jones introduces bipartisan bill to expand debt reorganization tools for farmers
Thursday, U.S. Sen. Doug Jones, D-Alabama, and colleagues introduced the bipartisan Family Farmer Relief Act of 2019 to help family farms reorganize after falling on hard times as bankruptcy rates among American farmers near record highs. “We need to do everything we can to help Alabama farmers succeed, especially at a time when the business … Continued