I intend to introduce legislation to create the Hospital Acquisition Assistance Fund within the Department of Community and Economic Development.
 
This chamber recently passed legislation to create oversight for private equity acquisitions of hospitals and health care facilities in the Commonwealth. That was one small measure regarding future hospitals acquisitions, but does nothing to reopen hospitals previously closed by private equity.  This bill would create the Hospital Acquisition Assistance Fund, which would leverage previously budgeted but unused funds to provide a grant system to entice new buyers to our closed hospitals. Initially the HAAF would be funded with $200 million in previously-budgeted unspent funds. 

I hope you will join me in supporting this critical legislation to make a true impact on the crisis in my community.