Bill > SB2194

This bill modifies Tennessee law regarding the sale or transfer of public benefit hospitals, which are hospitals established for the benefit of a county government. Specifically, it clarifies the process for the Attorney General to review such transactions by requiring consideration of whether the money received from the sale will be managed independently of the entity buying the hospital or any related organizations, and that these funds should not be returned to the county or city government unless needed to cover their legitimate debts. The bill also introduces an exemption for very large hospitals, those with an estimated value over $500 million, that were solely established for a county's benefit, meaning they will not be considered "public benefit hospital entities" under certain provisions, though this exemption only takes effect if approved by a two-thirds vote of the county's legislative body.