An Act prohibiting for-profit entities from owning or managing hospitals and health systems in this Commonwealth.

SB 320 bans for-profit companies (including corporations, private equity firms, and investment banks) from owning or managing hospitals and health systems in Pennsylvania. It would prevent new for-profit ownership but allows existing for-profit hospitals and health systems to continue operating as they are. The law defines "for-profit entity" broadly and exempts current owners as of the law's effective date. The bill takes effect 60 days after enactment, with no new for-profit acquisitions permitted after that date. This directly affects current and future hospital ownership structures in the state.