Iowa SF414 mandates the Department of Inspections, Appeals, and Licensing to review and approve acquisitions of housing and health care facilities by.

Iowa SF414 requires the Department of Inspections, Appeals, and Licensing (DIAL) to review and approve any acquisition of housing or health care facilities by private equity firms. The bill prohibits private equity firms from completing an acquisition without DIAL's approval and mandates that firms provide notice to DIAL 60 days prior to the intended acquisition. DIAL must not approve an acquisition unless it determines that the acquisition is in the public interest, meaning it must not reduce access to quality, affordable housing or health care services.

Iowa SF414 mandates the Department of Inspections, Appeals, and Licensing to review and approve acquisitions of housing and health care facilities by.

Iowa SF414 requires the Department of Inspections, Appeals, and Licensing (DIAL) to review and approve any acquisition of housing or health care facilities by private equity firms. The bill prohibits private equity firms from completing an acquisition without DIAL's approval and mandates that firms provide notice to DIAL 60 days prior to the intended acquisition. DIAL must not approve an acquisition unless it determines that the acquisition is in the public interest, meaning it must not reduce access to quality, affordable housing or health care services.