The General Assembly Raised Bill No. 1507 aims to prohibit private equity ownership and control of specific health care institutions, as well as to prevent interference with the professional judgment and clinical decisions of health care providers. Effective July 1, 2025, the bill stipulates that no private equity company or real estate investment trust may acquire any direct or indirect ownership interest in a group practice, hospital, or health system, nor may they exert operational or financial control over these entities. Additionally, the bill defines key terms such as "group practice," "health system," and "private equity company," and outlines the conditions under which these prohibitions apply.

Furthermore, the bill establishes that health care facilities and management services organizations cannot interfere with the clinical decisions of health care providers, including the amount of time spent with patients and decisions regarding patient care. Any agreements that violate these provisions will be deemed void and unenforceable. The bill also mandates an evaluation by the Commissioner of Health Strategy regarding the potential for the Attorney General to petition for the appointment of a receiver to manage hospitals in financial distress, with a report due by October 1, 2026.