AN ACT REQUIRING NURSING HOMES TO ANNUALLY REPORT CERTAIN OWNERSHIP INFORMATION REGARDING INVESTMENT ENTITIES, ACQUIRE, IF FEASIBLE, A SURETY BOND OR A SIMILAR FORM OF SECURITY IN AN AMOUNT EQUAL TO NINETY DAYS OF OPERATING COSTS, MAINTAIN FULL GOVERNANCE CONTROL AND AUTHORITY OVER NURSING HOME ASSETS AND ACTIVITIES AND ANNUALLY ATTEST THAT NO INVESTMENT ENTITY HAS CONTROL OVER NURSING HOME RESIDENT HEALTH, SAFETY OR CARE.

SB 125 requires nursing homes with private equity ownership to disclose detailed ownership and financial information annually to the Commissioner of Social Services, including ownership entity details, financial statements, and mortgage terms. It mandates that these facilities secure a performance bond covering 90 days of operating costs when applying for or renewing licenses. The bill also prohibits selling nursing home properties within five years of acquisition without written approval from the Commissioner of Public Health, which can only be granted if the sale benefits resident care or operational stability. These provisions directly affect nursing homes owned by private equity firms, real estate investment trusts, or other investment entities.