In March, the Washington State Legislature enacted HB 2548, expanding state oversight of healthcare ownership transactions and requiring new disclosures when hospitals and provider organizations change hands. Washington already requires hospitals, hospital systems, and provider organizations to give the Attorney General at least 60 days’ notice before certain transactions that result in a material change. HB 2548 broadens those notice triggers to include: changes in majority ownership or control of a hospital, hospital system, or provider organization; acquisitions, sales, or transfers of a majority of an entity’s assets, including real estate sale-leaseback transactions; and conversions of nonprofit healthcare entities into for-profit corporations or unincorporated entities.
Read the full article: Washington Expands Oversight of Healthcare Ownership Transactions //
Source: https://pestakeholder.org/news/washington-expands-oversight-of-healthcare-ownership-transactions/