A bill for an act relating to nursing facility change of ownership applications.

SF 535 requires nursing facility ownership change applications in Iowa to include detailed financial and compliance information. Applicants must verify sufficient funds for 12 months of operations, disclose regulatory history across all jurisdictions (including complaints, investigations, and facility closures), and provide documentation on wage changes for health workers. The bill increases the required escrow period for financial reserves from two to four months and gives the licensing department authority to reject applications that threaten long-term facility finances or resident safety. This directly affects nursing facility owners seeking to sell or buy properties, with the goal of protecting resident health and safety through stricter vetting of new ownership.