CT SB00125

Nursing homes must annually report ownership information to the Commissioner of Social Services by February 15, starting in 2027, including names and addresses of all ownership entities, officers, directors, and ownership percentages

Required disclosures include audited financial statements, details of mortgage loans and financing, purchase agreements, and documentation of escrow or contingency accounts

Nursing homes with private equity or investment trust ownership must secure a performance bond equal to 90 days of operating costs as a condition of licensure

Civil penalty of $1,000 per day may be imposed on nursing homes failing to provide required information within 30 days of the deadline

Property owners acquiring nursing home real estate after October 1, 2026 are prohibited from selling within five years without written approval from the Commissioner of Public Health demonstrating benefit to resident care or operational stability