MN HF4206

Prohibits private equity companies and real estate investment trusts from acquiring or increasing any direct or indirect ownership interest in health care providers after August 1, 2024.

Prohibits private equity companies and real estate investment trusts from acquiring or increasing operational or financial control over health care providers after August 1, 2024, with an exception for normal business replacement of directors or employees.

Defines "provider" broadly to include nursing homes, clinics, hospitals, ambulatory surgical centers, dental organizations, physician organizations, and integrated provider and plan systems that deliver health or medical care services for compensation within Minnesota.

Establishes definitions for key terms including "private equity company," "real estate investment trust," "ownership interest," "operational control," and "indirect ownership interest."

Effective date is August 1, 2024.