Bill > SB708

This bill introduces a comprehensive framework for Attorney General notification and oversight of significant changes in health care facilities, requiring health care facilities to file detailed notifications before entering into material changes such as mergers, acquisitions, or substantial asset transfers. Under the proposed legislation, health care facilities must submit a comprehensive notification to the Attorney General at least 45 days before executing any transaction valued at $10 million in a single transaction or $35 million in aggregate during a calendar year, with the Attorney General empowered to conduct public hearings, request additional information, and potentially enjoin transactions deemed against the public interest. The bill establishes specific definitions, notification procedures, and mandates that state agencies like the Department of Aging and Department of Human Services assist in reviewing proposed transactions. Key provisions include requiring live-streamed public hearings, protecting the confidentiality of submitted documents, and explicitly preserving the Attorney General's broader antitrust enforcement powers. The legislation contains an expiration clause after four years and requires the Health Care Cost Containment Council to study and report on the effects of this new regulatory approach, with an explicit exemption for individual physician and psychiatric practices. The bill aims to increase transparency and provide regulatory oversight of significant health care facility transactions to protect public interests.

Business and Industry

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=S&type=B&bn=708