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Panel advances measure on private‑equity ownership of nursing homes after sharp debate
Summary
The Aging Committee moved Senate Bill 1332 to the floor after an extended discussion about private equity and real estate investment trust ownership of nursing homes. Supporters sought transparency and guardrails; some members warned the language was broad and could risk facility investment and closures.
The Aging Committee voted to refer Senate Bill 1332 — a measure addressing nursing home ownership structures and fiscal accountability — to the floor for further consideration after robust debate on Tuesday, March 4.
Representative Garibay moved the bill to JF to the floor and Representative Fortier seconded; committee members raised sharply differing views about whether the draft language would safeguard residents or unduly restrict owners and buyers.
Representative Case said nursing homes are struggling financially and warned…
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