Rick Jackson Lent a Bankrupt Hospital $35 Million at 14% Interest. He Calls It 'Venture Philanthropy.'
His staffing company was the hospital's second-largest creditor, owed nearly $10 million. His loan carries 14% interest — 19% if a payment is missed. Taxpayers put in another $80 million. And in Georgia, he opposes the Medicaid expansion that keeps hospitals like it alive.