Bill > SB320

This bill, known as the Prohibiting For-Profit Hospitals Act, aims to prevent for-profit entities from owning or managing hospitals and health systems in Pennsylvania. The bill defines a for-profit entity broadly to include corporations, limited liability companies, private equity firms, investment banks, and hedge funds that operate to generate revenue for owners, partners, or shareholders. It similarly defines health systems as entities that own and operate multiple hospitals, hospice agencies, or nursing homes. The core prohibition states that no for-profit entity can own or manage a hospital or health system in the Commonwealth, with a key exception that existing for-profit hospitals and health systems owned or managed on the bill's effective date will be grandfathered in and allowed to continue operations. The bill would take effect 60 days after its passage, giving current for-profit healthcare organizations time to prepare for potential transitions. By restricting for-profit ownership, the bill appears intended to prioritize patient care over financial profits in the healthcare sector, though the specific motivations are not explicitly stated in the text.

Business and Industry

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=S&type=B&bn=320