This bill establishes new regulations regarding the transfer of hospital licenses in Oklahoma. Specifically, it prohibits the transfer of a hospital license to a new address that is more than fifteen miles away from its current location if the hospital is situated in a community with a population of fewer than 30,000 residents, as determined by the latest Federal Decennial Census. Additionally, the bill mandates the appointment of mediators in the event of a hospital closure, with the city or county responsible for appointing mediators based on the hospital's location. The mediators are tasked with agreeing on a sales price for the hospital license if the hospital and municipality cannot reach an agreement independently.

The bill also includes provisions for codification and specifies that it will take effect on November 1, 2025. Overall, the legislation aims to ensure that hospital licenses remain within reasonable distances in smaller communities and provides a structured mediation process to facilitate the sale and transfer of hospital licenses in the event of closures.