LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
FISCAL IMPACT STATEMENT
LS 7615 NOTE PREPARED: Jan 13, 2025
BILL NUMBER: HB 1632 BILL AMENDED:
SUBJECT: Health Care Entity Mergers.
FIRST AUTHOR: Rep. Smaltz BILL STATUS: As Introduced
FIRST SPONSOR:
FUNDS AFFECTED:XGENERAL IMPACT: State
DEDICATED
FEDERAL
Summary of Legislation: The bill requires a health care entity that is involved in a merger or acquisition
to disclose additional information. The bill allows the Office of the Attorney General to assess a health care
entity with a civil penalty for noncompliance with the merger and acquisition notice.
Effective Date: July 1, 2025.
Explanation of State Expenditures: The Attorney General (AG) would have more information to review
and assess on future disclosures received from health care entities. The AG likely has the requisite staff and
resources to review the additional information.
Explanation of State Revenues: General Fund revenues may increase if more civil penalties are assessed
for violations of the disclosure of the information required by the Attorney General. The penalty assessed
could not exceed $5,000 per day per violation and not to exceed a total $2 M per violation.
Explanation of Local Expenditures:
Explanation of Local Revenues:
State Agencies Affected: Office of Attorney General.
Local Agencies Affected:
Information Sources:
Fiscal Analyst: Chris Baker, 317-232-9851.
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