The proposed General Assembly Substitute Bill No. 6873 seeks to improve the regulatory framework governing transactions involving health care entities by repealing Section 19a-486i and introducing new definitions for key terms such as "Advanced practice registered nurse," "Group practice," "Health care entity," and "Private equity entity." The bill aims to modernize outdated language, replacing previous definitions of "Health care provider" and "Group practice" with updated terms that reflect current practices. It also establishes new requirements for businesses involved in mergers or acquisitions of health care providers, mandating written notification to the Attorney General and extending the notice period for material changes in group practices from thirty to sixty days.

Additionally, the bill outlines the criteria for what constitutes a "material change" in group practices, expands reporting requirements for hospitals and group practices, and introduces penalties for non-compliance with certificate of need regulations. It clarifies that any entity failing to comply with the new provisions may face fines of up to one thousand dollars per day. The bill also revises the scenarios requiring a certificate of need, adding new categories while removing certain previous requirements. These changes are designed to enhance oversight, transparency, and accountability in health care transactions, with the new regulations set to take effect on October 1, 2025.

Statutes affected:
Governor's Bill:
PH Joint Favorable:
File No. 590:
APP Joint Favorable: