Bill > SB546

This bill prohibits for-profit entities, such as corporations, limited liability companies, private equity firms, and investment banks, from owning or managing hospitals and health systems in the Commonwealth of Pennsylvania. The bill defines a "for-profit entity" as any organization that operates to generate revenue or profit for its owners, partners, or shareholders. The prohibition does not apply to hospitals or health systems that were already owned or managed by for-profit entities before the effective date of the bill, which is 60 days after its enactment.