A bill for an act prohibiting certain changes of ownership of a previously licensed nursing facility.

Summary

The bill adds a new rule that the Iowa Department of Inspections, Appeals, and Licensing cannot approve a change of ownership for a licensed nursing facility if the buyer is a private‑equity fund, a real‑estate investment trust (REIT), or an entity owned or controlled by them. It targets prospective owners, not the facilities themselves, and aims to keep these types of investors out of nursing‑home ownership. The change would apply to any future sale or transfer of a nursing facility that is already licensed.

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