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FL S1064
Bill
AI Summary
- Requires hospitals, hospital systems, and provider organizations conducting business in Florida to notify the Office of the Attorney General of mergers, acquisitions, or contracting affiliations that constitute a "material change," defined as transactions generating combined revenue of $50 million or more
- Written notice must be submitted at least 90 days before the effective date of a material change, or simultaneously with any federal Hart-Scott-Rodino Act filing, and must include party names, a description of the proposed relationship, health care services provided, and primary service areas
- Authorizes the Attorney General's Office to request additional information or issue civil investigative demands upon receiving transaction notices
- Imposes a civil penalty of up to $500,000 for failure to comply, with penalties deposited into the Legal Affairs Revolving Trust Fund
- Appropriates $1,221,249 in recurring funds and $47,472 in nonrecurring funds, along with 12 full-time positions, to the Department of Legal Affairs for implementation, and requires a biennial report to the Legislature beginning January 1, 2022
Legislative Description
Hospital, Hospital System, or Provider Organization Transactions
Last Action
Died in Judiciary
4/30/2021
Committee Referrals
Judiciary3/10/2021
Health Policy2/10/2021
Full Bill Text
No bill text available