Iowa SF2236 prohibits the Department of Inspections, Appeals, and Licensing from approving ownership changes of nursing facilities to private equity.
Iowa SF2236 amends the state code to prevent the Department of Inspections, Appeals, and Licensing from approving changes in ownership of previously licensed nursing facilities to entities that are private equity funds, majority-owned by private equity funds, affiliates of private equity funds, real estate investment trusts, majority-owned by real estate investment trusts, or affiliates of real estate investment trusts. This restriction aims to maintain certain standards in the management and operation of nursing facilities.
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