Bill > HB1458

This bill directs the Secretary of Health and Human Resources, referred to as the Secretary, to establish a work group to investigate how private equity firms, which are investment funds that pool money to buy companies, are affecting healthcare. This work group will examine current rules in Virginia about who owns healthcare facilities and compare them to rules in other states and at the federal level, analyze the advantages and disadvantages for the public of knowing more about healthcare facility ownership, and assess the pros and cons of private equity buying healthcare facilities. Ultimately, the work group will propose policies to make ownership of healthcare facilities in Virginia more transparent, and the Secretary must present a report of their findings and suggestions to the leaders of the House Committee on Health and Human Services and the Senate Committee on Education and Health by November 1, 2026.

https://lis.virginia.gov/bill-details/20261/HB1458