AG Jepsen: New Physician Practice Acquisition Notice Requirement Takes Effect on October 1
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Legislation proposed by Attorney General
"Acquisitions and mergers often make business sense, and may lead to some efficiencies and more integrated care, but they also may lessen competition, leading to higher prices and fewer consumer options," Attorney General Jepsen said. "The notice requirement enacted this year will allow us to better monitor the healthcare market and, where appropriate, to enforce antitrust laws designed to protect
The new instructions for the required notice and the link to the spreadsheet form to be used for the notice can be found by clicking here or by visiting www.ct.gov/ag.
Under Public Act 14-168 - An Act Concerning Notice of Acquisitions, Joint Ventures, Affiliations of Group Medical Practices And Hospital Admissions, Medical Foundations And Certificates of Need - parties to any transaction resulting in a material change to a group medical practice must notify the Attorney General at least 30 days prior to the effective date of the transaction beginning on
In particular, hospitals, health systems and certain of their affiliates must provide the Attorney General with notice of proposed transactions involving group practices comprised of two or more physicians. Additionally, proposed transactions between or among group practices that result in a group practice comprised of eight or more physicians will be required to provide notice.
The Attorney General proposed this year's legislation in response to the rapid consolidation
The Attorney General thanked
The Attorney General's
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