§1730-A. Moratorium on ownership or operation of hospitals by private equity companies and real estate investment trusts
(CONTAINS TEXT WITH VARYING EFFECTIVE DATES)
(WHOLE SECTION TEXT EFFECTIVE UNTIL 6/15/26)
(WHOLE SECTION TEXT REPEALED 6/15/26 by T. 22, §1730-A, sub-§3)
1.
Definitions.
As used in this section, unless the context otherwise indicates, the following terms have the following meanings.
A.
"Hospital" has the same meaning as in Title 36, section 2881, subsection 2.
[PL 2025, c. 401, §1 (NEW); PL 2025, c. 401, §2 (AFF).]
B.
"Indirect ownership interest" means an ownership interest in an entity that has an ownership interest in a hospital.
[PL 2025, c. 401, §1 (NEW); PL 2025, c. 401, §2 (AFF).]
C.
"Operational control" means to:
(1)
Influence or direct the actions or policies of any part of a hospital; or
(2)
Choose, appoint or terminate a member of a board, manager, managing member, senior employee, consultant or other individual or entity that participates in the operational oversight of a hospital.
[PL 2025, c. 401, §1 (NEW); PL 2025, c. 401, §2 (AFF).]
D.
"Ownership interest" means possession or equity in capital, stock or profits in a hospital or ownership of real estate on which a hospital operates.
[PL 2025, c. 401, §1 (NEW); PL 2025, c. 401, §2 (AFF).]
E.
"Private equity company" means an entity whether or not publicly traded that collects capital investments from individuals or entities.
[PL 2025, c. 401, §1 (NEW); PL 2025, c. 401, §2 (AFF).]
F.
"Real estate investment trust" has the same meaning as in the United States Internal Revenue Code of 1986, Section 856.
[PL 2025, c. 401, §1 (NEW); PL 2025, c. 401, §2 (AFF).]
[PL 2025, c. 401, §1 (NEW); PL 2025, c. 401, §2 (AFF).]
2.
Moratorium.
A private equity company or real estate investment trust may not acquire or increase a direct or indirect ownership interest or operational control or financial control in a hospital in the State.
[PL 2025, c. 401, §1 (NEW); PL 2025, c. 401, §2 (AFF).]
3.
Repeal.
This section is repealed June 15, 2026.
[PL 2025, c. 401, §1 (NEW); PL 2025, c. 401, §2 (AFF).]
SECTION HISTORY
PL 2025, c. 401, §1 (NEW). PL 2025, c. 401, §2 (AFF).