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ME LD2190
Bill
AI Summary
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Requires Certificate of Need review when a private equity company or real estate investment trust acquires ownership or operational control of a health care facility in Maine
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Adds new approval criterion requiring projects not negatively affect the affordability and accessibility of health care services for all state residents
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Mandates the Department of Health and Human Services to analyze how an applicant's ownership structure involving private equity or REITs impacts their ability to meet certificate requirements
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Requires applicants to fund an independent consultant hired by the department to investigate the prior activities and conduct of any private equity company or REIT associated with the project
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Authorizes the department to consult with the Attorney General when completing its analysis of private equity or REIT ownership structures
Legislative Description
An Act to Implement Certain Changes in the Certificate of Need Laws Recommended by the Commission to Evaluate the Scope of Regulatory Review and Oversight over Health Care Transactions That Impact the Delivery of Health Care Services in the State
Health Care Services
Last Action
Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)
3/3/2026