SB320

Pennsylvania SB320 prohibits for-profit entities from owning or managing hospitals and health systems.

Pennsylvania SB320, known as the Prohibiting For-Profit Hospitals Act, bans for-profit entities from owning or managing hospitals and health systems in the state. The bill defines "for-profit entity" as corporations, limited liability corporations, limited liability partnerships, private equity, investment banks, or hedge funds that generate revenue for owners, partners, or shareholders. The prohibition does not apply to entities that already own or manage hospitals or health systems at the bill's effective date, which is 60 days after enactment.