LD985

Maine LD985 prohibits private equity companies and real estate investment trusts from acquiring or increasing control over hospitals until June 15.

Maine LD985 imposes a moratorium on private equity companies and real estate investment trusts acquiring or increasing ownership, operational control, or financial control over hospitals in the state. This prohibition remains in effect until June 15, 2029. The bill defines key terms such as "hospital," "indirect ownership interest," "operational control," "ownership interest," "private equity company," and "real estate investment trust." The moratorium aims to prevent these entities from influencing hospital operations or finances during the specified period.