Bill > SF3354

This bill introduces a prohibition on private equity companies and real estate investment trusts (REITs) from acquiring or increasing their ownership or control over health care providers in Minnesota, effective August 1, 2025. The bill defines key terms such as "provider" (which includes nursing homes, clinics, hospitals, ambulatory surgical centers, and other medical service entities), "operational control" (the ability to influence provider policies or personnel), and "indirect ownership interest" (ownership through multiple layers of entities). Specifically, the legislation prevents these financial entities from obtaining new or expanded direct or indirect ownership stakes in health care providers, as well as from acquiring or increasing their operational or financial control over such providers. The only exception allows for routine replacement of directors or employees in the normal course of business. The bill aims to limit the involvement of investment companies in the healthcare sector, potentially to protect healthcare service delivery from purely profit-driven management strategies.

Business and Industry

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF3354&ssn=0&y=2025