Michigan HB6118 regulates health facility mergers and acquisitions to prevent excessive market concentration.
Michigan HB6118, known as the "Health Facility Consolidation Prevention Act," establishes regulations on mergers and acquisitions involving health facilities. The act requires applicants to obtain approval from the hospital cost review board before entering into a consolidation. It mandates that applicants pay a health facility consolidation prevention assessment and submit detailed information about the consolidation. The board can approve a consolidation only if it meets specific criteria, such as not exceeding certain bed counts or market shares.
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