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Timetable for Operationalizing the JPA

Assumes SBHD is deemed eligible for Chapter 9 bankruptcy

2024

February

2024

August

2024

Feb - May

2024

2024

July

• Determination that the San Benito Healthcare District is eligible for Chapter 9 bankruptcy protection

Deemed Eligible

• JPA Operating Board begins overseeing implementation of the business plan
• JPA Operating Board selects management

Commence Operations

• JPA Agreement
• JPA Loan Agreement

Negotiation of

Definitive Agreements

• Plan of Reorganization
• JPA-related Agreements

• Slates created by Healthcare District and County
• Outside Directors nominated

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Approval of the U.S. Bankruptcy Court

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Establish Operating Board

June

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