Lexology May 23, 2024
There is still time to lobby for changes to a proposed new California law that would require an additional layer of approval for healthcare acquisitions by private equity groups or hedge funds. Jon Zucker, David R. Carpenter, and Gabrielle Feliciani explain.
On May 22, the California Assembly passed a bill (AB 3129), which would have a substantial impact on changes of control and acquisitions of healthcare facilities and provider groups by private equity groups or hedge funds. The bill would require at least 90 days notice and California Attorney General approval for such changes of control and acquisitions. The bill is currently being considered by the California Senate, so there is still time for stakeholders to participate in the legislative...
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