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Bill > SF2236
IA SF2236
IA SF2236A bill for an act prohibiting certain changes of ownership of a previously licensed nursing facility.
summary
Introduced
02/09/2026
02/09/2026
In Committee
02/09/2026
02/09/2026
Crossed Over
Passed
Dead
Introduced Session
91st General Assembly
Bill Summary
Under current law, any change in ownership of a previously licensed nursing facility is subject to approval by the department of inspections, appeals, and licensing (DIAL). This bill prohibits DIAL from approving any change of ownership of a nursing facility if the person seeking to obtain ownership is, is owned in majority by, or is an affiliate of, a private equity fund or a real estate investment trust.
AI Summary
This bill prohibits the Iowa Department of Inspections, Appeals, and Licensing (DIAL) from approving any change in ownership for a nursing facility that has been previously licensed, if the entity seeking to acquire ownership is a private equity fund, a real estate investment trust (REIT), or is majority owned by or affiliated with either of these types of financial entities. Private equity funds are investment firms that pool money from investors to buy and manage companies, while REITs are companies that own, operate, or finance income-generating real estate. This change is being made to the existing law that requires DIAL to approve all such ownership changes.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Subcommittee: Rozenboom, Bisignano, and Schultz. S.J. 277. (on 02/12/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.iowa.gov/legislation/BillBook?ga=91&ba=SF2236 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/91/attachments/SF2236.html |
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