The new Article 45-A of the public health law would give the health department the authority to review and approve material transactions involving a healthcare entity.
These transactions include affiliations, acquisitions and mergers, along with the formation of management services organizations. It also includes “an affiliation or contract formed between a healthcare entity and another person.”
The regulatory review process would require healthcare entities involved in material transactions to submit an application for consent and a written notice at least 30 days before the target closing date. The transaction will be approved if the DOH does not act upon the application during the 30-day notice period.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
