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ME LD985
Bill
AI Summary
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Prohibits private equity companies and real estate investment trusts from acquiring or increasing direct or indirect ownership interests, operational control, or financial control in Maine hospitals for one year
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Defines "operational control" broadly to include influencing hospital policies or choosing/terminating board members, managers, or senior employees
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Moratorium automatically repeals on June 15, 2026
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Exempts transactions for which a certificate of need application was filed on or before June 1, 2025
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Enacted as emergency legislation, taking effect immediately upon approval (became law without governor's signature on June 22, 2025)
Legislative Description
An Act to Impose a Moratorium on the Ownership or Operation of Hospitals in the State by Private Equity Companies or Real Estate Investment Trusts
Health Care Facilities
Last Action
PASSED TO BE ENACTED - Emergency - 2/3 Elected Required, in concurrence.
6/10/2025