New York Seeks New Regulatory Review of Health Care Transactions with Private Equity Investment

On Wednesday, February 1, 2023, Governor Kathy Hochul released the New York State (“NYS” or the “State”) executive budget for State Fiscal Year (“SFY”) 2023¬¬¬–¬24. Embedded within the executive budget at Part L of the Health and Mental Hygiene Article VII draft legislation is a proposal that would significantly reshape the health care investment landscape in New York by giving the State Department of Health (“DOH”) new authority to review and approve certain “material transactions” taking place in the State. Continue

Ropes & Gray attorneys regularly provide insightful perspective on key legal issues.To read more, visit our Alerts archive.

New York Seeks New Regulatory Review of Health Care Transactions with Private Equity Investment

On Wednesday, February 1, 2023, Governor Kathy Hochul released the New York State (“NYS” or the “State”) executive budget for State Fiscal Year (“SFY”) 2023¬¬¬–¬24. Embedded within the executive budget at Part L of the Health and Mental Hygiene Article VII draft legislation is a proposal that would significantly reshape the health care investment landscape in New York by giving the State Department of Health (“DOH”) new authority to review and approve certain “material transactions” taking place in the State. Continue

Ropes & Gray attorneys regularly provide insightful perspective on key legal issues.To read more, visit our Alerts archive.

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