Private equity companies and real estate investments trusts prohibition from acquiring or increasing control over providers of health care services provision

SF 3354 prohibits private equity companies and real estate investment trusts (REITs) from acquiring or increasing direct or indirect ownership or operational control over healthcare providers in Minnesota after August 1, 2025. The bill directly affects private equity firms, REITs, and healthcare providers (including hospitals, clinics, nursing homes, and physician groups) by blocking new investments or control changes in these entities. Key provisions define "operational control" (influencing provider policies or leadership) and "ownership interest" (equity, profits, or real estate ties), with the ban applying to all forms of control. The law creates a moratorium effective August 2025, allowing existing arrangements to continue but preventing new acquisitions or control expansions.