Revises reporting requirements for nursing homes concerning financial disclosures and ownership structure.

This bill revises New Jersey's nursing home reporting requirements, requiring more detailed financial disclosures and ownership structure information. Nursing homes, applicants for ownership transfers, and third-party entities managing nursing homes must now provide audited consolidated financial statements and organizational charts showing parent companies, subsidiaries, and related parties providing services valued at $200,000 or more annually. The bill lowers the threshold for disclosing ownership interests from 10% to 5% and mandates that nursing homes post this information on their websites. It also removes the previous requirement for nursing homes to post Medicare/Medicaid cost reports, instead requiring them to post the new financial statements.