This bill amends the process for nursing facility change of ownership applications in Iowa, requiring the Department of Inspections, Appeals, and Licensing (DIAL) to assess the potential impact on the health, safety, welfare, and rights of residents. It mandates that applicants provide extensive documentation to verify their financial stability and compliance history with state and federal regulations. Notably, the bill introduces new requirements for applicants, including proof of sufficient cash or liquid assets to maintain operations for at least twelve months, and detailed information regarding any past complaints, investigations, or violations related to the applicant.

Additionally, the bill increases the required escrow account duration from two months to four months to ensure financial sustainability during the initial operating period. DIAL is also tasked with evaluating whether the terms of the sale or lease could jeopardize the facility's financial stability or public health. If a change of ownership application is deemed potentially harmful, DIAL is prohibited from granting approval. Finally, upon completing the review, DIAL must publish a report on its website explaining the rationale behind its decision, including a comparative analysis of past decisions.

Statutes affected:
Introduced: 135C.7A, 135C.7