# Maine LD 985: 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 Maine LD 985, 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, is a 132nd Maine Legislature (2025-2026) Senate bill sponsored by Michael Tipping; status became law, last action 2025-06-22 (ACTPUB Chapter 401); PRIA reads it as touching household money (as of 2026-10-17). - Canonical: https://policyrisk.com/state-bill/ME-LD985-132 - As of: 2026-10-17 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Maine LD 985 - State: Maine - Session: 132nd Maine Legislature (2025-2026) - Title: 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 - Status: became law - Chamber: Senate - Introduced: 2025-03-11 - Last action: 2025-06-22, ACTPUB Chapter 401 - Sponsor: Michael Tipping - Cosponsors: 3 - Subjects: HEALTH CARE FACILITIES, HEALTH CARE FACILITIES - HOSPITALS - Touches household money: yes - Economic provisions PRIA read: 1 ## Summary No summary available. ## Bill overview: provisions PRIA read - Temporary ban on private equity and REIT hospital takeovers: mixed, low. 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 applicati… ## Sponsors and cosponsors - Sponsor: Michael Tipping - Cosponsor: Daniel Shagoury (Democratic), House - Cosponsor: Rachel Talbot Ross (Democratic), Senate - Cosponsor: Richard A. Bennett (Independent), Senate ## Actions (8) - 2025-06-22: ACTPUB Chapter 401 - 2025-06-10: PASSED TO BE ENACTED - Emergency - 2/3 Elected Required, in concurrence. (Senate) - 2025-06-09: This 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. (House) - 2025-06-09: CONSENT 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. (House) - 2025-06-05: Report 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. (Senate) - 2025-03-21: CARRIED OVER, in the same posture, to the next special or regular session of the 132nd Legislature, pursuant to Joint Order SP 519. (Senate) - 2025-03-11: The Bill was REFERRED to the Committee on HEALTH COVERAGE, INSURANCE AND FINANCIAL SERVICES.In concurrence. ORDERED SENT FORTHWITH. (House) - 2025-03-11: Committee 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 (Senate) ## Bill text - Amendment C-A (S-299), adopted by House & Senate: [PDF](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0416&item=2&snum=132) - Enacted: [PDF](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0416&item=3&snum=132) - Introduced: [PDF](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0416&item=1&snum=132) ## Related bills - LD 1522: An Act to Establish the Maine Eviction Prevention Program (failed) - LD 1665: An Act to Provide Property Tax Relief to Maine Families (failed) - LD 1872: An Act to Reinvest in the Pension Funds of the Maine Public Employees Retirement System (failed) - LD 2067: An Act to Include Community Mental Health Workers Under the 1998 Special Plan for Retirement (failed) - LD 1611: An Act to Decrease the Retirement Contributions Required for Teachers and State Employees (failed) - LD 1294: An Act to Expand the Dependent Exemption Tax Credit (failed) ## Sources - [Amendment C-A (S-299), adopted by House & Senate (PDF)](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0416&item=2&snum=132) - [Enacted (PDF)](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0416&item=3&snum=132) - [Introduced (PDF)](https://legislature.maine.gov/legis/bills/getPDF.asp?paper=SP0416&item=1&snum=132) ## Related - [LD 1522: An Act to Establish the Maine Eviction Prevention Program](https://policyrisk.com/state-bill/ME-LD1522-132) - [LD 1665: An Act to Provide Property Tax Relief to Maine Families](https://policyrisk.com/state-bill/ME-LD1665-132) - [LD 1872: An Act to Reinvest in the Pension Funds of the Maine Public Employees Retiremen…](https://policyrisk.com/state-bill/ME-LD1872-132) - [LD 2067: An Act to Include Community Mental Health Workers Under the 1998 Special Plan f…](https://policyrisk.com/state-bill/ME-LD2067-132) - [LD 1611: An Act to Decrease the Retirement Contributions Required for Teachers and State…](https://policyrisk.com/state-bill/ME-LD1611-132) - [LD 1294: An Act to Expand the Dependent Exemption Tax Credit](https://policyrisk.com/state-bill/ME-LD1294-132) - [Maine bills](https://policyrisk.com/states/maine/bills) - [Maine state hub](https://policyrisk.com/states/maine) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/ME-LD985-132 (as of 2026-10-17).