AN ACT CONCERNING PRIVATE EQUITY AND REAL ESTATE INVESTMENT TRUST OWNERSHIP OF HOSPITALS AND NURSING HOMES.

SB 1480 requires hospitals and nursing homes to be free of new ownership by private equity companies or real estate investment trusts (REITs) to qualify for Medicaid reimbursement in Connecticut, effective October 1, 2025. This directly affects healthcare facilities seeking state Medicaid payments, as new ownership by these entities would disqualify them from receiving reimbursement for patient care. The bill’s key mechanism is tying Medicaid eligibility to ownership structure, preventing private equity or REIT ownership of these facilities after the effective date. It does not apply to existing ownership but blocks new investments by these entities from qualifying for state healthcare funding.