The proposed bill, General Assembly Proposed Bill No. 261, aims to impose restrictions on private equity firms regarding their ability to purchase, operate, or hold a controlling interest in health care facilities, particularly hospitals. Key provisions include prohibiting private equity firms from leasing back property to hospitals after acquiring land rights and preventing any interference by health care facilities or organizations in the professional judgment or clinical decisions of health care clinicians with independent practice authority.

The intent of this legislation is to limit the influence of private equity in the healthcare sector and to safeguard the autonomy of healthcare providers. By establishing these restrictions, the bill seeks to protect the integrity of medical care and ensure that clinical decisions remain in the hands of qualified professionals rather than being dictated by corporate interests.