CT SB01332

Private equity companies and real estate investment trusts are prohibited from acquiring or increasing any direct or indirect ownership interest in nursing homes, or gaining operational or financial control over nursing homes, effective October 1, 2025

Nursing home license applicants must disclose if a private equity company or REIT owns any portion of the business and provide evidence of compliance with the ownership prohibition

License applicants with private equity or REIT involvement must disclose information required on federal Form CMS-855a and in accordance with federal regulations 42 CFR 424.516 and 42 CFR 455.104

"Operational control" is defined as influencing nursing home actions/policies or having authority to choose, appoint, or terminate board members, managers, senior employees, or consultants involved in operational oversight