Connecticut SB196: AN ACT CONCERNING HOSPITAL SALE-LEASEBACK TRANSACTIONS AND ATTESTATIONS CONCERNING LACK OF A CONTROLLING INTEREST OF A HOSPITAL OR OF INTERFERENCE WITH THE PROFESSIONAL JUDGMENT AND CLINICAL DECISIONS OF CERTAIN HEALTH CARE PROVIDERS OF A HOSPITAL BY A PRIVATE EQUITY ENTITY.

What the bill says

An act concerning hospital sale-leaseback transactions and attestations concerning lack of a controlling interest of a hospital or of interference with the professional judgment and clinical decisions of certain health care providers of a hospital by a private equity entity. assembly convened.

From the enrolled text:

AN ACT CONCERNING HOSPITAL SALE-LEASEBACK TRANSACTIONS AND ATTESTATIONS CONCERNING LACK OF A CONTROLLING INTEREST OF A HOSPITAL OR OF INTERFERENCE WITH THE PROFESSIONAL JUDGMENT AND CLINICAL DECISIONS OF CERTAIN HEALTH CARE PROVIDERS OF A HOSPITAL BY A PRIVATE EQUITY ENTITY. Assembly convened: Section 1. (NEW) (Effective from passage) (a) As used in this section and section 2 of this (2) "Controlling interest" means the direct or indirect power to direct the management and policies of the main campus of a hospital, whether through ownership of voting securities, contract or other means; (3) "Hospital" has the same meaning as provided in section 19a-646 of the general statutes; (4) "Main campus of a hospital" means the licensed premises within which the majority of inpatient beds are located; (5) "Private equity entity" means any entity that collects capital investments from individuals or entities and purchases, as a parent Substitute Senate Bill No. 196 company or through another entity that the entity completely or partially owns or controls, a direct or indirect ownership share of a hospital; and (6) "Sale-leaseback transaction" means a transaction in which a hospital enters into an agreement with a person or another entity to sell and lease back hospital-owned real property that constitutes the main campus of a hospital. (b) On and after July 1, 2027, no hospital shall …

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Sponsors

• Saud Anwar (D, 3) · primary sponsor