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Subsequent Events
9 Months Ended
Mar. 31, 2020
Subsequent Events [Abstract]  
Subsequent Events

Note 15. – Subsequent Events

 

The Coronavirus Aid, Relief and Economic Security (“CARES”) Act was enacted by the U.S. government on March 27, 2020. As part of CARES, the Paycheck Protection Program (“PPP”) loan program was established.  The PPP is administered by the U.S. Small Business Administration. In April and May 2020. subsidiaries of the Company have received approximately $3,234 of PPP loans.  Forgiveness of PPP loans may be available if the loans are used to pay wages, rent, utilities and interest on certain debt during the eight week period following receipt of the loan proceeds. There can be no assurance, however, that any of the PPP loans to us will be forgiven, or if forgiven, the amount of such forgiveness. Loan proceeds not forgiven are payable over two years  at a 1% annual interest rate. Also, as part of CARES, two subsidiaries of the Company received total payments of approximately $4,082 under the Relief Fund Payments (“RFP”). These funds were allocated to Medicare facilities and providers impacted by COVID-19 based on eligible providers net patient revenues and are required to be used for COVID-19 related costs and to offset the impact of COVID-19, included reduced revenue.