Strengthens health care market standards by revoking nonprofit status for certain hospital transactions.

The bill amends Washington state law to strengthen health care market standards. It mandates the revocation of a hospital's, hospital system's, or provider organization's nonprofit status if involved in a material change, such as a merger, acquisition, or contracting affiliation. A material change is defined as a transaction between entities generating over ten million dollars in health care services revenue from Washington patients, involving entities of specified types.

Strengthens health care market standards by revoking nonprofit status for certain hospital transactions.

The bill amends Washington state law to strengthen health care market standards. It mandates the revocation of a hospital's, hospital system's, or provider organization's nonprofit status if involved in a material change, such as a merger, acquisition, or contracting affiliation. A material change is defined as a transaction between entities generating over ten million dollars in health care services revenue from Washington patients, involving entities of specified types.