RI H7172

Requires parties to file written notice with the Department of Health and Attorney General at least 60 days before any material change in ownership or control of healthcare facilities, behavioral health organizations, or residential facilities licensed by state agencies.

Defines "significant equity investor" as any private equity company with ownership interest or any investor holding 10% or more of equity, profits, or governance rights in covered care entities, provider organizations, or management services organizations.

Authorizes enhanced disclosure requirements for transactions involving significant equity investors, including capital structure, financing sources, audited financial statements, and management agreements.

Permits state agencies to require post-transaction reporting for up to 5 years to assess impacts on service availability, cost, workforce stability, and continuity of care.

Establishes civil penalties up to $10,000 per day for noncompliance, enforceable by the Attorney General, while coordinating with existing hospital conversion laws to avoid duplicate filings.