An Act to Impose a Moratorium on the Ownership or Operation of Hospitals in the State by Private Equity Companies or Real Estate Investment Trusts
Sponsored By: Michael Tipping
Became Law
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Temporary ban on private equity and REIT hospital takeovers
The law blocks private equity firms and real estate investment trusts from buying or gaining control of Maine hospitals. It covers direct and indirect ownership, and operational or financial control. The moratorium runs June 22, 2025 through June 15, 2026. Deals with a certificate-of-need application filed by June 1, 2025 are exempt from the ban.
Sponsors & Cosponsors
Sponsor
Michael Tipping
Affiliation unavailable
Cosponsors
Daniel Shagoury
Democratic • House
Rachel Talbot Ross
Democratic • Senate
Richard A. Bennett
Independent • Senate
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
ACTPUB Chapter 401
6/22/2025PASSED TO BE ENACTED - Emergency - 2/3 Elected Required, in concurrence.
6/10/2025SenateThis being an emergency measure, a two-thirds vote of all the members elected to the House was necessary.PASSED TO BE ENACTED.Sent for concurrence. ORDERED SENT FORTHWITH.
6/9/2025HouseCONSENT CALENDAR - FIRST DAYUnder suspension of the rules CONSENT CALENDAR - SECOND DAY.The Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment "A" (S-299).In concurrence. ORDERED SENT FORTHWITH.
6/9/2025HouseReport READ and ACCEPTED.READ ONCE.Committee Amendment "A" (S-299) READ and ADOPTED.Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment "A" (S-299).Ordered sent down forthwith for concurrence.
6/5/2025SenateCARRIED OVER, in the same posture, to the next special or regular session of the 132nd Legislature, pursuant to Joint Order SP 519.
3/21/2025SenateThe Bill was REFERRED to the Committee on HEALTH COVERAGE, INSURANCE AND FINANCIAL SERVICES.In concurrence. ORDERED SENT FORTHWITH.
3/11/2025HouseCommittee on HEALTH AND HUMAN SERVICES suggested and ordered printed On motion by Senator INGWERSEN of York REFERENCE to the Committee on HEALTH COVERAGE, INSURANCE AND FINANCIAL SERVICES Ordered sent down forthwith for concurrence
3/11/2025Senate
Bill Text
Amendment C-A (S-299), adopted by House & Senate
Enacted
Introduced
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