Bill > HB05197

This bill prohibits the Commissioner of Public Health from granting or renewing a license to an acute care hospital if that hospital leases its main campus from a Real Estate Investment Trust (REIT), which is a company that owns, operates, or finances income-generating real estate. In practical terms, this means that hospitals will not be allowed to operate on property owned by REITs, effectively preventing these investment trusts from having indirect ownership or control of hospital facilities. The legislation aims to potentially limit the financial strategies of REITs in the healthcare real estate market and ensure that hospital properties are not primarily managed for investment purposes. By restricting hospital licensing based on property lease arrangements, the bill seeks to address concerns about the potential prioritization of financial returns over healthcare quality or accessibility.

Health and Social Services

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05197&which_year=2025