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1999 SESSION

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HB 2542 Sale or conversion of nonprofit hospitals.

Introduced by: Robert G. Marshall | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Sale or conversion of nonprofit hospitals. Requires that all acquisitions of nonprofit hospitals which are located in a county having a land area of 337 square miles with a population of more than 209,274 and less than 217,881 be approved by the Attorney General. The Department of Health is required to hold a public hearing and report to the Attorney General on the effect the acquisition will have on the community’s continued access to health care, including indigent care. The entity acquiring the nonprofit hospital must disclose financial details about the transaction to the Attorney General. The Attorney General shall approve the application if appropriate steps are taken to safeguard the value of the charitable assets and the underlying details of the transaction reveal no conflict of interest. Failure to obtain approval prior to acquiring such a nonprofit hospital will prevent the issuance or renewal of an operating license.


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