OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sSB-1480
AN ACT CONCERNING PRIVATE EQUITY AND REAL ESTATE
INVESTMENT TRUST OWNERSHIP OF HOSPITALS AND
NURSING HOMES.
Primary Analyst: ES 3/30/25
Contributing Analyst(s): LD
Reviewer: RW
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 26 $ FY 27 $
Social Services, Dept. GF - Potential
Savings
See Below See Below
Note: GF=General Fund
Municipal Impact: None
Explanation
The bill may result in savings to the Department of Social Services
(DSS) to the extent that nursing homes or hospitals are not free of any
new ownership interests by private equity companies or real estate
investment trusts recorded on and after October 1, 2025. The bill makes
such conditions a requirement for receiving payment for services
provided under Medicaid, the scope of which cannot be determined at
this time.
The Out Years
The annualized ongoing fiscal impact identified above would
continue into the future subject to the ability of nursing homes and
hospitals to meet the conditions of the bill.