SB3463

SB3463 amends the Illinois Health Care Facilities Planning Act and the Illinois Antitrust Act to expand notice requirements for health care mergers.

SB3463 modifies the Illinois Health Care Facilities Planning Act and the Illinois Antitrust Act to broaden the definition of "covered transaction" to include mergers, acquisitions, or contracting affiliations involving health care facilities or provider organizations, even if the parties themselves are not health care entities but control such entities. It mandates that parties to a covered transaction must notify the Attorney General 30 days before the transaction's closing or effective date.