1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings.
A. "Hospital" has the same meaning as in Title 36, section 2881, subsection 2. [PL 2025, c. 401, §1 (NEW); PL 2025, c. 401, §2 (AFF).]
B. "Indirect ownership interest" means an ownership interest in an entity that has an ownership interest in a hospital. [PL 2025, c. 401, §1 (NEW); PL 2025, c. 401, §2 (AFF).]
C. "Operational control" means to: (1) Influence or direct the actions or policies of any part of a hospital; or (2) Choose, appoint or terminate a member of a board, manager, managing member, senior employee, consultant or other individual or entity that participates in the operational oversight of a hospital. [PL 2025, c. 401, §1 (NEW); PL 2025, c. 401, §2 (AFF).]
(1) Influence or direct the actions or policies of any part of a hospital; or
(2) Choose, appoint or terminate a member of a board, manager, managing member, senior employee, consultant or other individual or entity that participates in the operational oversight of a hospital. [PL 2025, c. 401, §1 (NEW); PL 2025, c. 401, §2 (AFF).]
D. "Ownership interest" means possession or equity in capital, stock or profits in a hospital or ownership of real estate on which a hospital operates. [PL 2025, c. 401, §1 (NEW); PL 2025, c. 401, §2 (AFF).]
E. "Private equity company" means an entity whether or not publicly traded that collects capital investments from individuals or entities. [PL 2025, c. 401, §1 (NEW); PL 2025, c. 401, §2 (AFF).]
F. "Real estate investment trust" has the same meaning as in the United States Internal Revenue Code of 1986, Section 856. [PL 2025, c. 401, §1 (NEW); PL 2025, c. 401, §2 (AFF).]
2. Moratorium. A private equity company or real estate investment trust may not acquire or increase a direct or indirect ownership interest or operational control or financial control in a hospital in the State.
3. Repeal. This section is repealed June 15, 2026.