Connecticut SB00481 mandates transparency in nursing home ownership and prohibits required arbitration agreements.

Connecticut SB00481 requires nursing homes to disclose ownership details and financial information to the Commissioner of Social Services. This includes the names and addresses of ownership entities, their beneficial ownership interests, and the names and ownership percentages of officers, directors, trustees, or managing partners. Nursing homes must also provide documentation related to financing and ownership transfers. The bill prohibits nursing homes from requiring arbitration agreements as a condition of admission or continued care, deeming such agreements against public policy and void.

Connecticut SB00481 mandates transparency in nursing home ownership and prohibits required arbitration agreements.

Connecticut SB00481 requires nursing homes to disclose ownership details and financial information to the Commissioner of Social Services. This includes the names and addresses of ownership entities, their beneficial ownership interests, and the names and ownership percentages of officers, directors, trustees, or managing partners. Nursing homes must also provide documentation related to financing and ownership transfers. The bill prohibits nursing homes from requiring arbitration agreements as a condition of admission or continued care, deeming such agreements against public policy and void.