Proposed Bill No. 837 aims to enhance oversight of group practice acquisitions and mergers within the state. The bill mandates that any group practice notifying the Attorney General of a material change in its business or corporate structure must also provide information regarding intended acquisitions or mergers to the Commissioner of Health Strategy. This includes details about potential mergers with hospitals, private equity firms, insurers, corporations, or other group practices. Additionally, the bill seeks to repeal subsection (b) of section 19a-639, which currently presumes approval for certificate of need applications related to the transfer of ownership of large group practices when responding to requests for proposals.

Furthermore, the bill requires the Health Care Cabinet to explore and develop legislative recommendations aimed at increasing oversight of group practice acquisitions and mergers. The overarching goal of this legislation is to promote competition within the healthcare industry and improve the quality of healthcare services provided in the state.