CT SB00481

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, audited financial statements, mortgage and financing details, and purchase agreements.

Nursing homes with private equity or similar ownership entities must secure a performance bond equal to 90 days of operating costs as a condition of licensure or renewal.

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

Nursing homes are prohibited from requiring residents or prospective residents to sign arbitration agreements as a condition of admission or continued care; any such required agreements are declared void as against public policy.

Civil penalties of $1,000 per day may be imposed on nursing homes that fail to submit required ownership information within 30 days of the deadline.