AN ACT PROHIBITING LICENSURE OF ACUTE CARE HOSPITALS THAT LEASE PROPERTY OWNED BY REAL ESTATE INVESTMENT TRUSTS.

HB 5197 prohibits state licensing for acute care hospitals that lease their main campus property from a real estate investment trust (REIT). This means hospitals renting their primary facility from a REIT would not receive or maintain a state license to operate. The bill directly affects acute care hospitals that use REIT-owned property for their main campus, preventing the Commissioner of Public Health from issuing or renewing their licenses. The key provision is a clear ban on licensing such facilities, aiming to restrict REIT ownership of hospital properties.