Senate advances bill to tighten rules on for‑profit and private‑equity nursing home takeovers

Senate File 29 72, a bill tightening oversight of for‑profit and private‑equity purchases of nursing homes and assisted‑living facilities, passed out of the Minnesota Senate Human Services Committee on a voice vote after several hours of testimony and debate.

The bill, carried by Sen. Scott Dibble, seeks to require 120 days’ written notice before a nonprofit facility is sold to a for‑profit buyer; expand financial and ownership disclosures; define controlling interest; prohibit asset stripping and certain related‑party transactions; require a minimum share of public receipts be spent on care; and give the attorney general enforcement authority for violations.

Supporters — including the state long‑term care ombudsman and advocates — said the legislation responds to…