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Bill would expand attorney general notice and review of hospital and provider transactions in Washington
Summary
A bill before the Senate Law and Justice Committee would broaden the Attorney General's pre-transaction notice authority to cover majority-ownership changes, asset sales and private-equity acquisitions of hospitals and providers; supporters said the changes increase transparency to protect access and affordability, while hospital groups raised concerns about fees.
A Washington bill that would require more hospital and provider transactions to be reported to the state attorney general advanced through a public hearing Feb. 20 before the Senate Law and Justice Committee.
Representative Jamila Taylor, the bill's prime sponsor, said the measure, Engrossed Substitute House Bill 2,548, is intended to "have eyes on how the healthcare system is changing in Washington state and ensure that we're protecting Washington's access to healthcare." The bill would expand the Consumer Protection Act's notice requirements to include transactions that change majority ownership, transfers of majority assets, conversions from nonprofit to for-profit status and significant asset sales, and would require parties to pay a filing fee when they submit…
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