Private equity company acquisitions of nursing homes and assisted living facilities regulated, study required, and money appropriated.

HF 2771 regulates private equity company acquisitions of nursing homes and assisted living facilities in Minnesota. The bill updates definitions to specifically identify "controlling persons" and "controlling individuals" in these facilities, focusing on private equity firms that collect capital investments (excluding banks, government entities, and small shareholders). It requires a study on the impacts of such acquisitions and appropriates funding for this work. The law directly affects nursing homes, assisted living facilities, and private equity firms seeking to acquire them.