News & Analysis as of

Private Equity Regulatory Requirements California

Mintz - Health Care Viewpoints

California’s Office of Health Care Affordability – First Ever Cost and Market Impact Review and Potential Expansion of Office’s...

Since April 2024, the California Department of Health Care Access and Information (HCAI), Office of Health Care Affordability (OHCA) has received twenty-six Material Change Transaction Notices (Notices) as part of its...more

Ropes & Gray LLP

California’s Office of Health Care Affordability (“OHCA”) Initiates First Cost and Market Impact Review (“CMIR”)

Ropes & Gray LLP on

On June 6, 2025, the California Office of Health Care Affordability (“OHCA”) issued its first determination to conduct a Cost and Market Impact Review (“CMIR”) under its health care oversight law. This CMIR will involve...more

McDermott Will & Emery

CA Senate amends AB 1415 to reinsert MSO reporting requirements

On June 27, 2025, the California Senate amended Assembly Bill (AB) 1415 to add back in a reporting requirement for management services organizations (MSOs) undergoing a sale of a material amount of assets or change of...more

Mintz - Health Care Viewpoints

Private Equity Group and Hedge Fund Bills Continue Through the California Legislature

California legislative activity focused upon private equity group and hedge fund health care transactions continues notwithstanding California Governor Gavin Newsom’s veto last fall of California Assembly Bill 3129 (AB-3129)....more

Pietragallo Gordon Alfano Bosick & Raspanti,...

States Follow Federal Lawmakers in Bipartisan Focus on Private Equity

For at least five years, under both Republican and Democrat administrations, there has been a focus on private equity actors in the healthcare space. Since at least 2020, the Department of Justice (DOJ) has focused on private...more

Alston & Bird

California Legislature Introduces Two Bills Regulating Private Equity in Health Care

Alston & Bird on

Our Health Care Group breaks down two California bills (SB 351 and AB 1415) that would regulate private equity’s and hedge funds’ roles in managing health care and dental practices....more

McGuireWoods LLP

California Legislature Reconsiders Bills Scrutinizing Healthcare Investors

McGuireWoods LLP on

Recently, the California Legislature introduced two bills that may impact private equity healthcare investments in the state, including formalizing corporate practice restrictions and requiring advance notice for certain...more

McDermott Will & Emery

California AB 1415 Aims to Expand OHCA’s Healthcare Transaction Review Authority

On February 21, 2025, Assembly Member Mia Bonta introduced AB 1415, a bill that aims to bring healthcare investments by private equity groups and hedge funds more fully into the scope of the California Office of Health Care...more

Foley & Lardner LLP

California: AB 1415 and Expanded OHCA Oversight — What Providers, MSOs, and Investors Need to Know

Foley & Lardner LLP on

On February 21, 2025, California introduced AB 1415, a bill aimed at expanding the regulatory oversight of the Office of Health Care Affordability (OHCA). As discussed in our previous blog, certain health care entities are...more

Bass, Berry & Sims PLC

California, Massachusetts and Texas Introduce Legislation Targeting Private Equity Investments and Corporate Structures in Health...

Since our last update, new bills have been introduced that, if passed, would materially impact transactions across the health care industry or otherwise affect the corporate structure of or reporting by health care entities....more

Sheppard Mullin Richter & Hampton LLP

Major Regulatory Updates from the West Coast: New California and Washington Approaches to Healthcare Private Equity and MSO...

State legislatures on the West Coast are intensifying their focus on private equity and management service organizations (MSOs) in healthcare, introducing new regulatory measures that could significantly reshape investment...more

McDermott Will & Emery

SB 351 Proposes To Strengthen California CPOM and CPOD Doctrines

On February 12, 2025, Senator Christopher Cabaldon introduced California Senate Bill (SB) 351, which would codify and strengthen California’s existing corporate practice of medicine (CPOM) and corporate practice of dentistry...more

Foley & Lardner LLP

California: Private Equity Management of Medical Practices Again Appears in Proposed Legislation

Foley & Lardner LLP on

The California legislature recently introduced legislation, SB 351, that would impact private equity or hedge funds managing physician or dental practices in California. The bill is similar to a portion of California...more

Husch Blackwell LLP

California Legislature Takes Another Swing at Private Equity Participation in Healthcare

Husch Blackwell LLP on

Last fall, private equity and hedge fund investors were given a reprieve from the prospect of increased oversight of healthcare transactions when California Governor Gavin Newsom unexpectedly vetoed Assembly Bill 3129 (AB...more

Polsinelli

California Reintroduces Legislation to Restrict Private Equity Management of Health Care Providers

Polsinelli on

The California legislature has introduced a bill that would implement some of the same restrictions on private equity health care investments as last year’s AB 3129....more

Sheppard Mullin Richter & Hampton LLP

Update: Governor Newsom Vetoes California’s AB 3129 Targeting Healthcare Private Equity Deals

On September 28, 2024, Governor Newsom vetoed Assembly Bill No. 3129 (AB 3129), which would have required private equity groups and hedge funds to obtain the Attorney General’s written consent at least 90 days prior to...more

Bass, Berry & Sims PLC

California Governor Vetoes Health Care System Consolidation Bill

Bass, Berry & Sims PLC on

On September 28, California Governor Newsom vetoed Assembly Bill 3129 (Bill), which would have created significant oversight of private investment in and management of certain healthcare transactions and arrangements in...more

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