Miami-Dade commission approves $150M credit for Jackson Health System

MIAMI – Miami-Dade County commissioners approved on Tuesday a $150 million line of credit for Jackson Health System amid the growing needs of the coronavirus pandemic.

Commissioners agreed on not requiring that Jackson Health System be prohibited from issuing layoffs and furloughs to have access to the Wells Fargo Municipal Capital Strategies line of credit.

Carlos A. Migoya, Jackson Health System’s president and chief executive officer, said the short-term line of credit, the federal aid, and the ability to perform elective surgeries will hold up the system for about a year.

The system includes Jackson Memorial Hospital, the Jackson South Medical Center, the Jackson North Medical Center, Holtz Children’s Hospital, Jackson Rehabilitation Hospital, Jackson Behavioral Health Hospital, a network of UHealth Jackson Urgent Care centers, two long-term care nursing facilities and Corrections Health Services clinics.

About the Authors:

The Emmy Award-winning journalist joined the Local 10 News team in 2013. She wrote for the Miami Herald for more than 9 years and won a Green Eyeshade Award.

Glenna Milberg joined Local 10 News in September 1999 to report on South Florida's top stories and community issues. She also serves as co-host on Local 10's public affairs broadcast, "This Week in South Florida."