Connecticut SB00196 allows financially distressed hospitals to enter sale-leaseback agreements and requires attestations on private equity control.

Connecticut SB00196 permits hospitals facing financial distress to enter into sale-leaseback agreements to generate revenue. Financial distress is defined as either bankruptcy protection or failure to meet debt service payments. The bill also mandates that hospitals submit annual attestations to the Commissioner of Public Health, affirming that no private equity entity has a controlling interest and that there is no interference with the professional judgment and clinical decisions of health care providers. The bill exempts these sale-leaseback transactions from certain approval requirements.

Connecticut SB00196 allows financially distressed hospitals to enter sale-leaseback agreements and requires attestations on private equity control.

Connecticut SB00196 permits hospitals facing financial distress to enter into sale-leaseback agreements to generate revenue. Financial distress is defined as either bankruptcy protection or failure to meet debt service payments. The bill also mandates that hospitals submit annual attestations to the Commissioner of Public Health, affirming that no private equity entity has a controlling interest and that there is no interference with the professional judgment and clinical decisions of health care providers. The bill exempts these sale-leaseback transactions from certain approval requirements.