This bill aims to regulate the involvement of private equity companies and real estate investment trusts in the healthcare sector in Minnesota. It introduces new legal language under Minnesota Statutes, chapter 62J, specifically establishing a moratorium on these entities acquiring or increasing their control over healthcare providers. The bill defines key terms such as "indirect ownership interest," "operational control," and "provider," which encompasses a wide range of healthcare service providers, including nursing homes, clinics, and hospitals.

Under the proposed legislation, starting August 1, 2025, private equity companies and real estate investment trusts will be prohibited from acquiring or increasing any direct or indirect ownership interests or operational and financial control over healthcare providers. However, the bill allows for the normal replacement of a provider's directors or employees as part of regular business operations. This measure is intended to protect the integrity of healthcare services in Minnesota from potential profit-driven influences of private equity and real estate investment entities.