Porter White Capital Advisors (“PW&Co”), a Birmingham investment bank, is pleased to announce that it served as the exclusive sell-side advisor on the recent sale of Jackson Medical Center (“JMC”) to the City of Jackson Health Care Authority (the “Jackson HCA”). Since 1975, PW&Co has served as advisor and investment bank to numerous healthcare entities across Alabama and the southeast.
Jackson Medical Center, located in Jackson, Alabama, is a general acute care hospital that also operates a hospital-based rural health clinic, home health agency, and wellness/physical rehabilitation center. JMC is a subsidiary of Gilliard Health Services (“GHS”), which has been a significant player in Alabama’s rural healthcare landscape since its founding by Bill and Gil McKenzie in 1981. The McKenzie family has dedicated over 40 years to ensuring that quality healthcare remains accessible to the Jackson community. JMC is one of the largest employers in the City of Jackson and Clarke County, Alabama, and the hospital is a vital healthcare resource for the local community and the surrounding areas. Tom McLendon has served as CEO of GHS and its subsidiaries since 2015 and will continue to serve as CEO of GHS and Evergreen Medical Center.
With this transition, JMC will continue to provide essential services such as emergency care, surgery, diagnostic imaging, and primary care. The shift to public ownership will enable JMC to access federal and state funding, alongside cost savings that are not available to private healthcare institutions.
PW&Co’s investment banking team was led by Michael Stone with support from Zac Venos and Ross Walker.
PW&Co is a Birmingham investment bank that provides M&A Advisory, Capital Advisory, Business Valuations, Municipal Advisory, and other advisory services. For more information on investment banking services in Alabama and how PW&Co can assist with transactions, contact Michael Stone.
PW&Co’s advisory services related to the asset sale were provided through its affiliate, Porter White Capital Advisors, Inc.
