Notice of Public Hearing to be Held on August 17, 2026 – Madrone – South County Hospital Eaas I / South County Hospital Healthcare System

NOTICE IS HEREBY GIVEN that a public hearing will be conducted by the Rhode Island Health and Educational Building Corporation (the “Corporation”) at 10:00 a.m. on Monday, August 17, 2026, via the following toll-free telephonic conference lines, Meeting ID and Passcode:

• 888 475 4499 US Toll-free
• 833 548 0276 US Toll-free
• 833 548 0282 US Toll-free
• 877 853 5257 US Toll-free

Meeting ID: 875 7425 1905
Passcode: 118616

Join Zoom Meeting
https://us06web.zoom.us/j/87574251905?pwd=WJgjMyuxdx18gt0BU4PKGIjXqk7KgQ.1

The purpose of the public hearing will be to consider the proposal of Madrone – South County Hospital EaaS I (the “Borrower”), a Rhode Island limited liability company whose sole member is Madrone Health Foundation, a California nonprofit corporation and an organization described under Section 501(c)(3) of the Internal Revenue Code (the “Code”) that the Corporation issue qualified 501(c)(3) bonds (as ‎defined in Section 145 of the Code), in one or more series pursuant to a plan of finance, in a maximum aggregate principal amount not to exceed $75,000,000 (the “Bonds”), to finance and refinance certain projects in facilities owned and/or operated by South County Hospital Healthcare System (“South County”), a Rhode Island nonprofit corporation and an organization described under Section 501(c)(3) of the Code and/or by certain affiliates of South County, each of which is a nonprofit corporation and an organization described in Section 501(c)(3) of the Code or a limited liability company directly and wholly owned by an organization described in Section 501(c)(3) of the Code (South County and such affiliates are referred to as the “Benefiting Entities”), and generally located at the following locations:

Street Address	Maximum Amount of Bond Proceeds
100 Kenyon Avenue, Wakefield, RI	$43,000,000
70 Kenyon Avenue, Wakefield, RI	$10,120,000

In addition, bond proceeds in an amount not to exceed $13,250,000 will be used on the acquisition, installation and implementation of an electronic health record system to be owned by one or more of the Benefiting Entities and to be located and/or accessed from the following locations, which are used as a part of an integrated operation:

100 Kenyon Avenue, Wakefield, RI

70 Kenyon Avenue, Wakefield, RI

142 Kenyon Avenue, Wakefield RI

85 Kenyon Avenue, Wakefield RI

14 Woodruff Ave, Narragansett RI

38 Powel Avenue, Newport RI

3461 South County Trail, East Greenwich RI

1 High Street, Wakefield RI,

120 Centerville Road, Warwick RI

268 Post Road (Rt. 1), Westerly RI

Neither the State of Rhode Island nor the Corporation is obligated to pay the principal or redemption price of or interest on the Bonds and neither the faith and credit nor the taxing power of the State of Rhode Island or any municipality or political subdivision thereof is pledged to the payment of the Bonds.  The Corporation does not have taxing power.

Interested members of the public are invited to participate in the hearing and to offer comments and ask questions with regard to the issuance of the above-referenced Bonds and the location and nature of the projects to be financed and refinanced therewith.  Those requesting interpretative service for the hearing impaired must notify the Corporation at (401) 831-3770 at least forty‑eight (48) hours in advance of this meeting.

Dylan Zelazo

Executive Director
Rhode Island Health and Educational Building Corporation