HB 1203 amends the Hospital Transfer statute C.R.S. 6-19-203 insofar as sales or transfers of control of non-profit hospitals to other non-profit hospitals are concerned. Currently, the Attorney General may consider whether there is a change in the use of charitable assets as a result of a proposed transaction. HB 1203 allows the Attorney General to consider whether there will likely be a reduction in the availability and accessibility of health care services in the communities served by the hospital. ADDITIONAL INFORMATION If the Attorney General concludes that a reduction in health care services is likely as a result of the proposed transaction, the Attorney General may ask for more information from the sponsors of the transaction and/or require a public hearing to be held before determining whether to approve the transaction. As amended, HB 1203 contains an effective date upon signature of the Governor and applies only to transactions of which the Attorney General has been notified after January 1, 2008. Because the proposed Sisters of Charity/Community First/Exempla transaction in Jefferson and Boulder counties was submitted for review by the Attorney General before that date, HB 1203 is unlikely to affect that proposed transaction and instead would impact future transactions.
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