On February 1, 2023, New York Governor Kathy Hochul announced the 2024 Executive Budget. As alluded to in the Governor’s State of the State address, and as described in an earlier Proskauer Health Care Law Brief article, the Governor is proposing to adopt a wide-ranging approval requirement for health care transactions that appears to target investor-backed physician practices. The Bill introduces a broad transaction approval requirement, which would apply to material transactions involving physician practices and newly-formed MSOs or MSAs.
Read the full article: 2024 New York Budget Proposes Wide-Ranging Transaction Approval Requirement That Targets Private Investment in Physician Practices and MSOs, and Permits DOH to Extract Concessions //
Source: https://www.healthcarelawbrief.com/2023/02/2024-new-york-budget-proposes-wide-ranging-transaction-approval-requirement-that-targets-private-investment-in-physician-practices-and-msos-and-permits-doh-to-extract-concessions