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132nd MAINE LEGISLATURE
FIRST REGULAR SESSION-2025
Legislative Document No. 985S.P. 416 In Senate, March 11, 2025
An Act to Impose a Moratorium on the Ownership or Operation of
Hospitals in the State by Private Equity Companies or Real Estate
Investment Trusts
Reference to the Committee on Health and Human Services suggested and ordered printed.
DAREK M. GRANT
Secretary of the Senate
Presented by Senator TIPPING of Penobscot.
Cosponsored by Representative SHAGOURY of Hallowell and
Senators: BENNETT of Oxford, TALBOT ROSS of Cumberland. Page 1 - 132LR1640(01)
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2 is enacted to read:
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6 following terms have the following meanings.
7 A. "Hospital" has the same meaning as in Title 36, section 2881, subsection 2.
8 B. "Indirect ownership interest" means an ownership interest in an entity that has an
9 ownership interest in a hospital.
10 C. "Operational control" means to:
11 (1) Influence or direct the actions or policies of any part of a hospital; or
12 (2) Choose, appoint or terminate a member of a board, manager, managing
13 member, senior employee, consultant or other individual or entity that participates
14 in the operational oversight of a hospital.
15 D. "Ownership interest" means possession or equity in capital, stock or profits in a
16 hospital or ownership of real estate on which a hospital operates.
17 E. "Private equity company" means an entity whether or not publicly traded that
18 collects capital investments from individuals or entities.
19 F. "Real estate investment trust" has the same meaning as in the United States Internal
20 Revenue Code of 1986, Section 856.
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22 acquire or increase a direct or indirect ownership interest or operational control or financial
23 control in a hospital in the State.
24 This section is repealed June 15, 2029.
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26 This bill places a moratorium on a private equity company or real estate investment
27 trust from acquiring or increasing a direct or indirect ownership interest or operational
28 control or financial control in a hospital in the State until June 15, 2029.
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