summary
Introduced
02/05/2026
02/05/2026
In Committee
02/05/2026
02/05/2026
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Illinois Health Care Facilities Planning Act. Repeals the January 1, 2027 inoperative date affecting a change of ownership among related persons. Amends the Illinois Antitrust Act. Repeals the January 1, 2027 inoperative date affecting notice provisions to the Attorney General before a health care merger or affiliation. Amends provisions requiring health care entities to notify the Attorney General within 30 days before a merger or affiliation to include a "covered transaction" even if the parties to the transaction are not themselves a health care facility or provider organization but own or control, directly or indirectly, one or more of the 2 or more health care facilities or provider organizations that will be under common ownership or contracting affiliation if the transaction is consummated, including if parties to the covered transaction are private equity companies. Defines "private equity company" to mean any company or partnership that collects capital investments from individuals or entities and purchases, as a parent company, at any level of corporate ownership, or through another entity or entities so that the company completely or partially owns or controls, a direct or indirect ownership share of an Illinois health care entity or an out-of-state health care entity that generates $10,000,000 or more in annual revenue from patients residing in this State. Changes notice provisions. Defines terms.
AI Summary
This bill makes several changes to Illinois law regarding health care facilities and antitrust regulations. First, it removes an expiration date that would have made certain provisions of the Illinois Health Care Facilities Planning Act inoperative after January 1, 2027, specifically concerning changes in ownership among related parties. Second, it amends the Illinois Antitrust Act by removing a similar expiration date for provisions requiring health care entities to notify the Attorney General before a merger or affiliation. Crucially, the bill expands the definition of a "covered transaction" that requires this notification to include situations where parties, such as private equity companies, may not be direct health care providers themselves but own or control entities that are, and will come under common ownership or affiliation. A "private equity company" is defined as an entity that pools investments and purchases or controls an Illinois health care entity or an out-of-state entity generating at least $10 million annually from Illinois residents. The bill also clarifies that notification is required even if the parties involved in the transaction are not themselves health care facilities or provider organizations, as long as they own or control such entities that will be under common ownership or affiliation after the transaction.
Sponsors (1)
Last Action
Referred to Assignments (on 02/05/2026)
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