AN ACT CONCERNING NURSING HOME FINANCIAL ACCOUNTABILITY AND NURSING HOME OWNERSHIP BY PRIVATE EQUITY COMPANIES AND REAL ESTATE INVESTMENT TRUSTS.

SB 1332 prohibits private equity companies and real estate investment trusts (REITs) from acquiring or increasing ownership or operational control of nursing homes after October 1, 2025. It requires nursing home license applicants to disclose ownership structures, provide evidence of compliance with this law, and submit financial statements. The bill directly affects nursing home owners (particularly private equity/REITs) and applicants seeking new licenses, mandating transparency about ownership and financial accountability. Key provisions include banning new investments by these entities and requiring detailed disclosures about ownership interests, financial health, and criminal history for key personnel.