Pennsylvania SB708 mandates health care facilities to notify the Attorney General before entering into agreements or transactions involving material.
Pennsylvania SB708 amends the Health Care Facilities Act to require health care facilities to notify the Attorney General before entering into agreements or transactions that result in a material change. A "material change" includes significant asset sales, mergers, acquisitions, or capital distributions. The notification must be submitted on a form developed by the Attorney General and include specific information. A waiting period must be observed before the transaction can proceed. The Attorney General can hold public hearings and may enjoin transactions deemed against the public interest.
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- Legal Framework
- Critical Issues
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