The New York State Department of Health (DOH) has published a set of Frequently Asked Questions (FAQs) to provide guidance on the “Disclosure of Material Transactions” law that took effect on Aug. 1, 2023. Pursuant to Article 45-A of the Public Health Law (PHL) (referred to in the FAQs as the “Material Transactions Law”), “health care entities” (HCEs) involved in a “material transactions” are obligated to provide written notice to DOH at least 30 days prior to the closing of the transaction. The guidance comes in the midst of significant proposed amendments included in Gov. Kathy Hochul’s executive budget proposal for State Fiscal Year 2025-2026.
Read the full article: New York State Department of Health Issues Long-Awaited Guidance on Material Transactions Law //
Source: https://www.hklaw.com/en/insights/publications/2025/03/new-york-state-department-of-health-issues-long-awaited