A bill for an act prohibiting certain changes of ownership of a previously licensed nursing facility.

This bill prohibits Iowa's Department of Inspections, Appeals, and Licensing (DIAL) from approving ownership transfers of licensed nursing facilities to specific entities. It directly affects nursing facilities seeking new owners who are private equity funds, majority-owned by such funds, affiliates of private equity funds, real estate investment trusts (REITs), majority-owned by REITs, or REIT affiliates. The key mechanism requires DIAL to deny any ownership change request if the buyer fits one of these defined categories. The bill aims to prevent ownership shifts to these investment structures, though it does not ban all ownership changes. (3 sentences)