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MN HF4206
MN HF4206Private equity companies and real estate investment trusts prohibited from acquiring or increasing control over providers of health care services.
summary
Introduced
02/22/2024
02/22/2024
In Committee
02/22/2024
02/22/2024
Crossed Over
Passed
Dead
05/20/2024
05/20/2024
Introduced Session
93rd Legislature 2023-2024
Bill Summary
A bill for an act relating to commerce; prohibiting private equity companies and real estate investment trusts from acquiring or increasing control over providers of health care services; proposing coding for new law in Minnesota Statutes, chapter 62J.
AI Summary
This bill prohibits private equity companies and real estate investment trusts (REITs) from acquiring or increasing any direct, indirect, or operational/financial control over healthcare providers in Minnesota after August 1, 2024. The key terms defined in the bill include "indirect ownership interest," "operational control," "ownership interest," "private equity company," "provider," and "real estate investment trust." The bill aims to prevent these types of investment firms from exerting influence over healthcare service providers in the state.
Committee Categories
Business and Industry
Sponsors (8)
Jess Hanson (D)*,
Robert Bierman (D),
Peter Fischer (D),
Emma Greenman (D),
Liz Lee (D),
Tina Liebling (D),
Liz Reyer (D),
Brad Tabke (D),
Last Action
Author added Bierman (on 04/08/2024)
Bill Topics
Banking, Finance, and Domestic Commerce
- ‐ Corporate Management
Health
- ‐ Regulation of Doctors and Health Facilities
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF4206&ssn=0&y=2023 | 02/22/2024 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF4206&version=0&session=ls93&session_year=2024&session_number=0&format=pdf | 02/22/2024 |
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