Lexology January 10, 2025
On December 30, 2024, both the Massachusetts House of Representatives and the Massachusetts Senate enacted House Bill 5159 (H.5159), and Governor Maura Healey signed it on January 8, 2025. The bill seeks to strengthen oversight of private equity investment within Massachusetts’ healthcare sector and enforce stricter penalties for noncompliance with reporting requirements and the state False Claims Act (FCA). H.5159 also imposes new obligations on private equity investment in healthcare providers in Massachusetts. These include mandatory notice requirements for transactions involving equity investors, annual financial reporting mandates in certain circumstances, strict penalties for missed deadlines, and penalties for failing to comply with the FCA. The bill will take effect 90 days following Governor Healey’s signature.
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