LCO No. 5678 1 of 2
General Assembly Raised Bill No. 1480
January Session, 2025
LCO No. 5678
Referred to Committee on HUMAN SERVICES
Introduced by:
(HS)
AN ACT CONCERNING PRIVATE EQUITY AND REAL ESTATE
INVESTMENT TRUST OWNERSHIP OF HOSPITALS AND NURSING
HOMES.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
Section 1. (Effective October 1, 2025) (a) As used in this section, (1) 1
"nursing home" and "hospital" have the same meanings as provided in 2
section 19a-490 of the general statutes, (2) "private equity company" 3
means a publicly traded or non-publicly traded company that collects 4
capital investments from individuals or entities and purchases a direct 5
or indirect ownership share of a provider, and (3) "real estate 6
investment trust" has the same meaning as provided in 26 USC 856, as 7
amended from time to time. 8
(b) The Commissioner of Social Services shall require a nursing 9
home or hospital to be free of any new ownership interests by private 10
equity companies or real estate investment trusts recorded on and after 11
October 1, 2025, in order to be eligible for Medicaid reimbursement in 12
the state for health care services. 13
Raised Bill No. 1480
LCO No. 5678 2 of 2
This act shall take effect as follows and shall amend the following
sections:
Section 1 October 1, 2025 New section
Statement of Purpose:
To require hospitals and nursing homes in the state to be free of new
private equity or real estate investment trust ownership interests
recorded on and after October 1, 2025, to receive Medicaid
reimbursement.
[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline,
except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is
not underlined.]