Amendment ID: S2871-153-R1
Redraft Amendment 153
Moratorium on Private Equity in Patient Care
Mr. Montigny, Ms. Miranda and Messrs. Tarr and Pacheco move that the proposed new text be amended by inserting after section __ the following section:-
“SECTION __. A hospital, provider, or provider organization, as defined by section 1 of chapter 6D, shall not enter into any sale, lease, merger, acquisition, investment, affiliation, or other financial interest with a private equity firm, real estate investment trust or management services organization until 180 days following the promulgation of updated regulations necessary to carry out the provisions of this act. This section shall not apply to any hospital, provider, or provider organization subject to bankruptcy proceedings upon passage of this act.”