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IL SB3463
Bill
Status
Introduced
2/5/2026
Primary Sponsor
Graciela Guzman
Click for details
AI Summary
- Repeals the January 1, 2027 expiration date for provisions governing health care facility ownership changes among related persons and Attorney General notification requirements for health care mergers
- Expands "covered transaction" definition to include mergers and acquisitions where the parties are not themselves health care facilities but own or control health care facilities or provider organizations, including private equity companies
- Defines "private equity company" as any entity that collects capital investments and purchases direct or indirect ownership of Illinois health care entities or out-of-state entities generating $10 million or more annually from Illinois patients
- Requires 30-day advance notice to the Attorney General before completing covered health care transactions, including those involving private equity ownership structures
- Amends both the Illinois Health Facilities Planning Act and the Illinois Antitrust Act to strengthen oversight of health care consolidation and ownership changes
Legislative Description
HEALTH FACILITIES PLANNING
Last Action
Referred to Assignments
2/5/2026
Committee Referrals
Assignments2/5/2026
Full Bill Text
No bill text available