AN ACT CONCERNING THE DEPARTMENT OF PUBLIC HEALTH'S RECOMMENDATIONS REGARDING REAL PROPERTY CHANGE OF OWNERSHIP.

This bill amends Connecticut's public health regulations to clarify when ownership changes at healthcare facilities require state approval. It defines specific situations that do not count as ownership changes, such as corporate restructuring where beneficial ownership stays the same, public stock offerings that don't allow new owners to reach 10% stake, and transfers to nonprofit hospitals. The law also establishes a timeline requiring owners to submit applications at least 120 days before planned ownership transfers, while defining serious risks to patient safety that would trigger stricter review. Healthcare facility owners and operators will be directly affected by these new reporting and approval requirements.