Pennsylvania HB1460 requires approval from the Department of Health and the Office of Attorney General before certain transactions involving health.

HB1460, known as the Health System Protection Act, mandates that certain transactions involving health care entities in Pennsylvania must receive approval from the Department of Health and the Office of Attorney General. These transactions include sales, transfers, leases, or other encumbrances of health care entity assets, changes in control, and capital distributions. The bill defines a "covered transaction" as one involving at least one health care entity and one covered entity, such as a private equity company or fund.

Pennsylvania HB1460 requires approval from the Department of Health and the Office of Attorney General before certain transactions involving health.

HB1460, known as the Health System Protection Act, mandates that certain transactions involving health care entities in Pennsylvania must receive approval from the Department of Health and the Office of Attorney General. These transactions include sales, transfers, leases, or other encumbrances of health care entity assets, changes in control, and capital distributions. The bill defines a "covered transaction" as one involving at least one health care entity and one covered entity, such as a private equity company or fund.