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Update: California State Assembly Passes AB 3219 Requiring State Approval of Private Equity Healthcare Deals
Lexology May 30, 2024
California’s AB 3219, which would require private equity firms and hedge funds to obtain prior approval to consummate certain healthcare-related transactions, is now one step closer to becoming law following the State Assembly’s May 22, 2024 passage of the pending legislation. The legislation is now being considered by the California State Senate, where approval must be obtained prior to the end of the legislative session in August if it is to be enacted into law this year.
As previewed in our prior blog post, if enacted, AB 3219 would require private equity firms and hedge funds to file an application with the state Attorney General at least 90 days in advance of a transaction involving...
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