Private Equity, Attorney General

Proposed Senate Bill in California Would Strengthen Restrictions on Hedge Fund and Private Equity Investments in Healthcare

Snell & Wilmer on 4/16/2025

On February 12, 2025, Senator Christopher Cabaldon introduced Senate Bill 351 (“SB 351” or “the bill”), to strengthen and codify the corporate practice of medicine doctrine (CPOM) in California as it relates to private equity...more

California Private Equity in Healthcare Legislation

Husch Blackwell LLP on 9/23/2024

On August 31, the last day of its 2024 Legislative Session, the California Legislature approved Assembly Bill 3129 (Wood), which provides for notification to and review by the Attorney General of health care transactions...more

California Passes Law Requiring Attorney General Approval for Certain Healthcare Investments and Emphasizes Requirements for...

Wilson Sonsini Goodrich & Rosati on 9/13/2024

Pre-Closing Notice or Consent: If signed by Governor Newsom, Assembly Bill 3129 (AB 3129) will mandate that, starting January 1, 2025, certain healthcare investors provide a 90-day written notice to, or obtain consent from,...more

California Caps Legislative Session By Sending A Weird Hedge Fund Bill To The Governor For A Possible Signature

Allen Matkins on 9/3/2024

Last month, I commented on the "weird" definition of "hedge fund" in AB 3129 (Wood). On the last day of the current session, the legislature passed the bill. It is now on Governor Newsom's desk....more

California SB 977: Legislation Could Give Unprecedented Power to the California Attorney General to Delay or Block Certain...

Bass, Berry & Sims PLC on 8/4/2020

If signed into law, California Senate Bill 977 (SB 977) would significantly expand the California Attorney General’s (AG) ability to review and prohibit certain transactions by healthcare systems, academic medical centers...more

California Could See Regulatory Scrutiny of Post-COVID-19 Healthcare Transactions

Morgan Lewis on 7/9/2020

If a proposed bill by the California Senate is passed, parties to certain post-pandemic healthcare transactions involving private equity groups, hedge funds, healthcare systems, facilities, and provider groups would need to...more

Power Play: California May Require Attorney General Approval for Transactions Involving Health Systems, Private Equity Groups, or...

Foley & Lardner LLP on 6/5/2020

California Senate Bill 977 (SB-977), entitled “Health care system consolidation: Attorney General approval and enforcement,” is set for a June 9 hearing before the Senate Appropriations Committee. The bill has two main...more

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