What you should know:
1. Healthcare providers would need a certificate of need to build an outpatient surgery center, hospital or other facility costing at least $10 million.
2. Depending on approval requirements, the proposed legislation could have a chilling effect on competition.
3. Proposed healthcare developments in the area include St. Joseph Health’s $120 million hospital development. The project could be subject to the CON requirement if construction begins after June 30.
4. The bill was introduced in mid-January and is pending approval.
More articles on transactions/valuation:
Cincinnati hospital appealing denied CON for $23M ASC — 3 insights
Won’t you be my neighbor? Medical facility to include ASC — 4 notes
Melrose-Wakefield Healthcare receives state approval for $16M ASC — 5 insights
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