HB5000 amends Illinois health care laws to extend notice requirements for mergers and acquisitions.
HB5000 modifies the Illinois Health Facilities Planning Act and the Illinois Antitrust Act to expand the definition of "covered transaction" to include mergers, acquisitions, or contracting affiliations involving health care facilities or provider organizations. It mandates that parties to such transactions notify the Attorney General 30 days prior to the transaction's closing or effective date. The bill also requires additional legal notice for certain transactions in Cook County and mandates publishing such notices in newspapers of limited circulation if available.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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