Becker's Healthcare April 7, 2023
Maine lawmakers are adding their weight behind increased oversight of proposed healthcare mergers and acquisitions in the state. The move comes as other states are enacting similar legislation.
The HB 894 proposal plans for additional oversight for Maine’s attorney general, including a 60-day period a Maine-licensed healthcare entity must inform the attorney general ahead of entering a “material change transaction,” according to commentary from legal group Sidley Austin.
Some transactions, including those resulting in any transfer of assets valued at over $2 million and...
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