Bill
Bill > LD985
ME LD985
ME LD985An Act to Impose a Moratorium on the Ownership or Operation of Hospitals in the State by Private Equity Companies or Real Estate Investment Trusts
summary
Introduced
03/11/2025
03/11/2025
In Committee
03/11/2025
03/11/2025
Crossed Over
06/05/2025
06/05/2025
Passed
06/10/2025
06/10/2025
Dead
Signed/Enacted/Adopted
06/24/2025
06/24/2025
Introduced Session
Potential new amendment
132nd Legislature
Bill Summary
An Act to Impose a Moratorium on the Ownership or Operation of Hospitals in the State by Private Equity Companies or Real Estate Investment Trusts Emergency preamble. Whereas, acts and resolves of the Legislature do not become effective until 90 days after adjournment unless enacted as emergencies; and Whereas, this legislation establishes a one-year moratorium on the ownership or operation of hospitals in the State by private equity companies or real estate investment trusts; and Whereas, this legislation must take effect as soon as possible so that any transactions involving the State's hospitals and private equity companies or real estate investment trusts may not move forward for one year; and Whereas, in the judgment of the Legislature, these facts create an emergency within the meaning of the Constitution of Maine and require the following legislation as immediately necessary for the preservation of the public peace, health and safety; now, therefore,
AI Summary
This bill establishes a one-year moratorium on private equity companies and Real Estate Investment Trusts (REITs) acquiring or increasing their ownership, operational control, or financial control of hospitals in the state. The bill provides detailed definitions for key terms such as "hospital," "ownership interest," "operational control," "private equity company," and "real estate investment trust." Specifically, the legislation prevents these entities from purchasing hospitals or gaining controlling interests, with exceptions for transactions that have already filed a certificate of need application by June 1, 2025. The moratorium is designed to temporarily halt potential changes in hospital ownership that might impact healthcare delivery and is framed as an emergency measure to protect public health, peace, and safety. The bill includes a sunset provision that automatically repeals the moratorium on June 15, 2026, meaning the restrictions will automatically expire at that time unless further legislative action is taken. The emergency clause means the bill takes effect immediately upon approval, allowing it to bypass the standard 90-day waiting period for legislative acts.
Committee Categories
Health and Social Services
Sponsors (4)
Last Action
Governor's Action: Emergency Unsigned, Jun 24, 2025 (on 06/24/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.maine.gov/legis/bills/display_ps.asp?LD=985&snum=132 |
| BillText | https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0416&item=3&snum=132 |
| Fiscal Note: | https://legislature.maine.gov/legis/bills/bills_132nd/fiscalpdfs/FN098503.pdf |
| Senate: C-A (S-299) | https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0416&item=2&snum=132 |
| Fiscal Note: C-A (S-299) | https://legislature.maine.gov/legis/bills/bills_132nd/fiscalpdfs/FN098502.pdf |
| Fiscal Note: Text | https://legislature.maine.gov/legis/bills/bills_132nd/fiscalpdfs/FN098501.pdf |
| BillText | https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0416&item=1&snum=132 |
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