House Bill No. [insert bill number] aims to enhance transparency regarding agreements between hospitals and real estate investment trusts (REITs) by enacting R.S. 40:2104.1. The bill defines key terms such as "healthcare real estate investment trust," "main campus," and "REIT lessee." It mandates that hospitals leasing their main campus from a REIT must submit all related documents to the Louisiana Department of Health (LDH) within fourteen calendar days of entering into any lease agreement. Furthermore, these documents will be classified as public records, accessible to the public upon request.

Additionally, the bill requires the LDH to publish an annual report starting July 1, 2027, which will include a list of licensed hospitals that are REIT lessees, the total number of complaints against them, and the resolution of those complaints. This report will also detail complaints for each REIT lessee that has entered into a new lease agreement in the past year, comparing the number of complaints before and after the lease took effect. The bill is set to take effect upon the governor's signature or after the designated time for gubernatorial action.