TLDR:
Jackson Hospital in Montgomery, Alabama is taking steps towards an affiliation with venture capital firm HumanityCorp. The hospital’s board of trustees has voted unanimously to recommend the affiliation agreement to its corporate members, pending final approval. HumanityCorp aims to bring healthcare to all segments of society and enable non-profits to continue their mission while ensuring healthcare safety for all patients. Jackson Hospital has a long history in the Montgomery area and currently offers services such as emergency care, cardiac, cancer, neurosciences, orthopedics, and women’s and children’s care.
Full Article:
Jackson Hospital in Montgomery, Alabama is moving forward with plans to affiliate with venture capital firm HumanityCorp. The hospital’s board of trustees has unanimously approved and recommended an affiliation agreement with HumanityCorp, a company with multiple hospital and clinic partnerships nationwide. The final approval from Jackson Hospital & Clinic, Inc.’s corporate members is still pending with no specific date provided for when that decision will be made.
HumanityCorp, a private venture capital and private equity firm based in Virginia, describes itself as a “public benefit company” that aims to bring healthcare to all segments of society, enable non-profits to continue their mission, and ensure healthcare safety for all patients. The firm’s current affiliations include well-known healthcare providers such as the Mayo Clinic, Capta Health Partners, and Presbyterian Healthcare Services.
Details about the specific nature of the affiliation, such as whether it involves merging with or being purchased by HumanityCorp, have not been disclosed by Jackson Hospital officials. However, HumanityCorp’s business model focuses on generating new revenue streams for not-for-profit hospital systems, generating returns for impact investors, and accelerating the adoption of healthcare technologies to improve patient outcomes and save lives.
Founded in the 1890s as Watkins Infirmary and later renamed Jackson Hospital in the 1940s, the healthcare facility has grown to nearly 350 beds and offers a range of services including emergency care, cardiac, cancer, neurosciences, orthopedics, and women’s and children’s care. The hospital has a longstanding presence in the Montgomery community and is committed to providing quality healthcare services to its residents.
As the affiliation process moves forward, Jackson Hospital remains dedicated to its mission of delivering comprehensive healthcare to the Montgomery area while exploring new opportunities for growth and collaboration in partnership with HumanityCorp.
