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IL HB5000
Bill
Status
Introduced
2/4/2026
Primary Sponsor
Jennifer Gong-Gershowitz
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AI Summary
- Repeals the January 1, 2027 sunset date for provisions governing health care facility ownership changes among related persons and Attorney General notification requirements for health care mergers
- Expands Attorney General notification requirements to cover transactions where parties are not themselves health care facilities but own or control health care facilities or provider organizations that will come under common ownership
- Explicitly includes private equity companies in the notification requirements when they acquire ownership stakes in Illinois health care entities or out-of-state entities generating $10 million or more annually from Illinois patients
- Defines "private equity company" as any company or partnership that collects capital investments and purchases direct or indirect ownership shares in health care entities
- Requires 30-day advance notice to the Attorney General before closing any covered health care merger, acquisition, or contracting affiliation
Legislative Description
HEALTH FACILITIES PLANNING
Last Action
Assigned to Judiciary - Civil Committee
3/4/2026
Committee Referrals
Judiciary - Civil3/4/2026
Rules2/6/2026
Full Bill Text
No bill text available