DALLAS - A judge in a Texas bankruptcy court will preside over a hearing Monday on Steward Health’s proposal that includes a timetable to sell off its 31 hospitals, including three here in the Valley.

Steward is proposing a June 24 deadline to make bids on Trumbull Regional Medical Center in Warren, Hillside Rehabilitation Hospital in Howland, and Sharon Regional Medical Center in Mercer County, Pennsylvania.

Steward is counting on a proposed $300 million loan to continue operation while the bankruptcy process continues.

Monday’s hearing will also determine if Steward will be granted its motion for a June 27 auction, and a July 2 sale hearing for the three hospitals.

The motion sets bidding procedures for Steward's assets.

Before filing for bankruptcy, Steward says more than 250 potential bidders were contacted, generating interest in purchasing hospitals in the Valley and elsewhere.

Under the Global Bidding Procedures, interested buyers may submit bids, including stalking horse bids for hospital assets.

The filing invites any entity interested in bidding on the three Valley hospitals to contact Steward's investment banker, Cain Brothers.

Steward’s proposal has been met with an objection from the Justice Department which says there are more questions to be answered about the proposed sale of its physicians' network to Optum, a division of UnitedHealth.

The Dallas-based Steward Health filed Chapter 11 bankruptcy in May claiming assets and liabilities between $1 billion and $10 billion.