Two top officials at the Montgomery-based Jackson Hospital & Clinic have stepped down as part of the hospital's financial restructuring.
Joe Riley and Michael James resigned on Tuesday from their positions as CEO and COO, respectively.
Ronald Dreskin, who was previously brought in to support the restructuring, has been named interim CEO, according to Becker’s Hospital Review.
Jackson Hospital defaulted on a $60 million bond payment in September.
In response, Allen Wilen, a partner with EisnerAmper Advisory Group, was appointed chief restructuring officer. Dreskin, partner in charge of EisnerAmper's healthcare services group, also joined the leadership team alongside Wilen.
"A restructuring-focused interim CEO, working alongside the chief restructuring officer, will provide strategic oversight and clarity of vision to quickly execute a turnaround while enabling other senior leaders to focus on the hospital's day-to-day management," retired Brig. Gen. Edward Crowell, chair of the hospital's board, said in a statement to the outlet.
Jackson Hospital is still open, but next steps in the restructuring process include transferring operations of the Hospice of Montgomery service to a hospice care organization and selling the Jackson Wellness Center to a fitness organization, Crowell told the outlet.
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