This bill aims to regulate the involvement of private equity companies and real estate investment trusts (REITs) in the healthcare sector in Minnesota. It introduces new legal language under Minnesota Statutes, chapter 62J, specifically defining terms related to ownership and control of healthcare providers. Key definitions include "indirect ownership interest," "operational control," and "provider," which encompasses various entities offering health or medical care services for a fee. The bill establishes a moratorium that prohibits these financial entities from acquiring or increasing their ownership or control over healthcare providers after August 1, 2025.

The legislation emphasizes the protection of healthcare services from potential financial exploitation by private equity firms and REITs. It allows for the normal replacement of directors or employees by these entities but restricts any further acquisition of ownership or control, thereby aiming to maintain the integrity and accessibility of healthcare services in Minnesota.