Bill > SB6208

This bill strengthens health care market standards by expanding the definition of a "material change" that requires notification to the attorney general, which includes mergers, acquisitions, or contracting affiliations between hospitals, hospital systems, or provider organizations (entities that represent seven or more healthcare providers in contracting with insurers). It also now covers transactions that result in a change of ownership or control of these entities, significant asset transfers, or the conversion of a nonprofit hospital, hospital system, or provider organization to a for-profit entity or an unincorporated entity. The bill clarifies that the attorney general has 30 days to request additional information after receiving notice of a material change, and the transaction cannot proceed until 30 days after the parties substantially comply with that request, though subsequent requests will not further delay the transaction. Additionally, it allows the attorney general to enter into agreements with the department of health, insurance commissioner, and health care authority to share data for these oversight purposes. Finally, the bill mandates that the secretary of state revoke a hospital, hospital system, or provider organization's nonprofit status if it undergoes a material change that results in a conversion to a for-profit or unincorporated entity, requiring them to follow specific procedures for such transactions.

Justice

https://app.leg.wa.gov/billsummary?BillNumber=6208&Year=2025&Initiative=false