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State logs continued ownership churn; panel discusses private‑equity disclosure and vetting in change‑of‑ownership reviews
Summary
Department of Public Health staff said there have been eight completed nursing‑home change‑of‑ownerships and nine pending so far this state fiscal year; committee members pressed about private‑equity tracking and federal disclosure rules while DPH said its reviews now include heightened ownership scrutiny.
Department of Public Health staff told the committee that the industry continues to experience ownership turnover: eight changes of ownership completed so far this state fiscal year and nine pending.
The item matters because ownership changes can affect facility operations, oversight and resident outcomes; committee members pressed staff about what ownership types the department tracks and what disclosure is available at the federal level.
Lorraine Cullen reported the tally of change of ownership activity and noted ongoing industry churn. She said one recent completed change listed…
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