AN ACT RESTRICTING THE ACQUISITION OF HOSPITALS BY PRIVATE EQUITY FIRMS, PROHIBITING REAL ESTATE INVESTMENT TRUST TRANSACTIONS INVOLVING HOSPITALS AND ESTABLISHING PHYSICIAN-LED OWNERSHIP REQUIREMENTS FOR MEDICAL GROUPS AND AMBULATORY SURGICAL CENTERS.

This bill bans private equity firms from purchasing hospitals, prohibits hospitals from participating in real estate investment trust (REIT) transactions, and requires medical groups and outpatient surgery centers to be led by physicians. It directly affects hospitals considering sales, private equity firms, REITs, and medical facilities operating outpatient services. The law aims to improve public health by preventing hospital ownership shifts to for-profit investment groups and ensuring physician oversight in care settings. These provisions would apply statewide to all covered healthcare entities.