Bill Text: CA AB3129 | 2023-2024 | Regular Session - LegiScan Existing law requires a nonprofit corporation that operates or controls a health facility or other facility that provides similar health care to provide written notice to, and to obtain the written consent of, the Attorney General prior to entering into any agreement or transaction to sell, transfer, lease, exchange, option, convey, or otherwise
California Governor Vetoes Assembly Bill 3129: Whats Next? California Gov Gavin Newsom vetoed Assembly Bill (AB) 3129 on Sept 28, 2024, citing the State's Office of Health Care Affordability's (OHCA) role in studying healthcare consolidation and transactions
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AB 3129: Health care system consolidation. | Digital Democracy This bill would require a private equity group or a hedge fund, as defined, to provide written notice to, and obtain the written consent of, the Attorney General before a transaction between the private equity group or hedge fund and a health care facility, provider, or provider group, as those terms are defined, and any of those entities th
California’s AB 3129 Passes in California Legislature Assembly Bill 3129 (“AB 3129”), a bill intended to increase oversight over PE and hedge fund investments in health care and reinforce prohibitions on the corporate practice of medicine, passed in the California legislature on Saturday, August 31, 2024
California State Legislature Passes Assembly Bill 3129 The California State Senate and State Assembly passed Assembly Bill (AB) 3129 on August 31, 2024, immediately prior to the end of the state’s legislative session The bill now heads to the desk of Governor Gavin Newsom as a final step toward enactment
California Governor Newsom Vetoes AB-3129 | Nixon Peabody LLP AB-3129 would have required private equity groups and hedge funds to provide notice to and obtain approval from the California Attorney General before closing certain health care transactions What’s the impact?
Attorney General Bonta, Assembly Speaker pro Tempore Wood Introduce . . . OAKLAND – California Attorney General Rob Bonta and Assembly Speaker pro Tempore Jim Wood (D-Healdsburg) today introduced AB 3129 authorizing the Attorney General to grant, deny, or impose conditions to a change of control or an acquisition between a private equity group or hedge fund and a healthcare facility or provider group Private
California Governor Vetoes Health Care System Consolidation Bill On September 28, California Governor Newsom vetoed Assembly Bill 3129 (Bill), which would have created significant oversight of private investment in and management of certain healthcare transactions and arrangements in California
California Passes Law Requiring Attorney General Approval for Certain . . . AB 3129, passed by the California legislature on August 31, 2024, will, if signed by Governor Newsom, require healthcare investors to notify and obtain written consent from the California AG before investing in certain healthcare facilities and providers, starting January 1, 2025