The new amendment signed into law clarifies “that transactions involving the sale, lease or change of ownership of CON-owning entities are not subject to CON review,” according to the report. Previous cases involving surgery center transactions found that a CON could only be transferred through purchasing all of the corporation’s stock, and that limited liability company CONs could not be transferred to a separate and unrelated LLP.
However, there are limits to the change of ownership acquisition for CON holders, and just because healthcare entities no longer need approval by the CON Review Board to engage in ownership transactions does not mean they are private affairs, according to the report.
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