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TN SB0852
TN SB0852AN ACT to amend Tennessee Code Annotated, Title 63 and Title 68, relative to health care.
summary
Introduced
02/05/2025
02/05/2025
In Committee
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, increases from 10 to 30 business days, the period of time that must be included in a non-compete agreement between an employing entity and a physician regarding the time after which, if no agreement on the fair market value of the practice can be determined when an attempt to repurchase the practice is made, the physician may remove any restrictions on the physician’s ability to practice by tendering the amount that was paid to the physician for the sale of the practice. - Amends TCA Title 63 and Title 68.
AI Summary
This bill amends Tennessee law by extending the time period in non-compete agreements between physicians and employing entities from 10 to 30 business days. Specifically, the bill modifies a section of the Tennessee Code that governs the conditions under which a physician may remove restrictions on their practice if no agreement can be reached on the fair market value of their medical practice during a repurchase attempt. By increasing the timeframe from 10 to 30 business days, the bill provides physicians and employing entities with more time to negotiate and resolve valuation disputes. The change gives both parties additional flexibility and opportunity to reach a mutually agreeable resolution before a physician can unilaterally tender the original purchase amount and remove practice restrictions. The bill will take effect immediately upon becoming law, as determined by the Tennessee General Assembly.
Committee Categories
Health and Social Services
Sponsors (1)
Last Action
Assigned to General Subcommittee of Senate Health and Welfare Committee (on 03/26/2025)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB0852&ga=114 |
| Fiscal Note - SB0852 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB0852.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/SB0852.pdf |
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