S2247 — Allows charitable assets set aside from the sale of nonprofit hospital to for-profit entity to be allocated to successor nonprofit charitable entity that is establishing and operating equivalent nonprofit hospital.

S2247 — Allows charitable assets set aside from the sale of nonprofit hospital to for-profit entity to be allocated to successor nonprofit charitable entity that is establishing and operating equivalent nonprofit hospital. · Informed CitizenryThis bill amends existing law regarding hospital transactions to allow for the reallocation of charitable assets. When a nonprofit hospital is acquired by a for-profit entity, the Attorney General…Open in Informed Citizenry