Use this button to switch between dark and light mode.

CA’s Private-Equity Healthcare Acquisition Bill & MA’s Nursing Home Industry Law

September 11, 2024 (1 min read)

CA Nears Restricting Private-Equity Healthcare Acquisitions

The California Legislature passed a bill (AB 3129) that, if signed by Gov. Gavin Newsom (D), would require the state attorney general’s approval before a private equity group or hedge fund could acquire a health care facility or provider in the state. Indiana and Illinois passed similar legislation after the recent closures of several private equity-owned hospitals, including Steward Health Care in Massachusetts and several facilities in Chicago. (PLURIBUS NEWS, LEXISNEXIS STATE NET)

 

MA Enacts Law Bolstering Nursing Home Industry

Massachusetts Gov. Maura Healey signed a bill (HB 5033) aimed at improving staff training, quality control and oversight of long-term care and nursing home facilities. Those facilities were hit hard by the pandemic and have been plagued by worker shortages and reports of patient mistreatment since then. (PLURIBUS NEWS, LEXISNEXIS STATE NET)

 

—Compiled by SNCJ Managing Editor KOREY CLARK

Visit our webpage to connect with a LexisNexis® State Net® representative and learn how the State Net legislative and regulatory tracking service can help you identify, track, analyze and report on relevant legislative and regulatory developments.

Subscribe

News & Views from the 50 States

Free subscription to the Capitol Journal keeps you current on legislative and regulatory news.