Montgomery’s Jackson Hospital today announced leadership changes as it continues to overcome financial hurdles.

Becker’s Hospital Review is reporting that CEO Joe Riley and COO Michael James are leaving their positions as of Tuesday. Ronald Dreskin, partner with EisnerAmper’s Health Care Services Group, will serve as interim CEO.

Retired Brig. Gen. Edward Crowell, chair of the hospital’s board of directors, thanked the two for their service.

“This announcement is part of a restructuring initiative aimed at transforming the hospital into a focused clinical organization and restoring the hospital to financial stability,” Crowell said in a news release.

Allen Wilen was named chief restructuring officer in September after the hospital defaulted on a bond payment.

The hospital remains open and plans to transfer operations of the Hospice of Montgomery service to a hospice care organization, and sell the Jackson Wellness Center to a fitness organization, according to Becker’s.

Earlier this year, Montgomery’s Jackson Hospital defaulted on about $60 million worth of Medical Clinic Board of the City of Montgomery series 2015 bonds, which comprises 86% of the hospital’s long-term debt. The admission came with the S&P explained in a statement why it had lowered the hospital’s rating to “D” from “CC.”

Riley was appointed president and CEO of Jackson Hospital in 2012.

A new billboard off Interstate 85 near Montgomery is using Jackson Hospital’s financial trouble to lobby for state action to expand Medicaid.