Section 6.5-304 – For-Profit Health Entity
(a) A corporation that becomes a for-profit health entity under this title may not be deemed to have abandoned its corporate status by virtue of an acquisition unless the acquisition provides specifically to the contrary. (b) The certificate of authority, agent appointments, licenses, forms, and any other filings in existence at the time of an acquisition shall […]
Section 6.5-305 – Nonprofit Health Service Plan
(a) The Secretary of the Department may revoke or suspend a license to operate a hospital in accordance with § 19-327 of the Health – General Article if an acquisition occurs without the approval of the Attorney General. (b) An acquisition of a nonprofit health service plan or a nonprofit health maintenance organization may not occur without […]
Section 6.5-306 – Charitable Entity or Trust
(a) Before a public or nonprofit charitable entity or trust may receive a distribution of public or charitable assets in accordance with an agreement, contract, or transaction approved by the regulating entity under this subtitle, it shall have mechanisms in place to: (1) avoid conflicts of interest; and (2) prohibit the making of grants that would benefit: (i) the […]
Section 6.5-307 – Foreign Nonprofit Health Entity
(a) This title does not apply to the acquisition of a foreign nonprofit health entity operating in this State if the appropriate regulating entity determines, based on the standards set forth in this title, that any public or charitable assets of the nonprofit health entity that serve health care needs in this State will be adequately […]
Section 6.5-401 – In General
(a) (1) There is a Maryland Health Care Trust. (2) The Trust is a body corporate, subject to modification or termination by the General Assembly. (3) The purpose of the Trust is to: (i) be of general benefit to the residents of the State; (ii) be charitable in nature; and (iii) accept and retain money for future expenditures to be used to […]
Section 6.5-103 – Regulations
(a) The Attorney General, the Department, and the Administration shall adopt regulations to carry out this title. (b) The regulations adopted under subsection (a) of this section shall include provisions that establish hearing and appeal procedures.
Section 6.5-104 – Rights and Powers
Nothing in this title shall impair the rights and powers of a court and the Attorney General with respect to any asset devoted to charity or with respect to any charitable trust.
Section 6.5-201 – Application Process and Content
(a) (1) A person that seeks to engage in an acquisition of a nonprofit health entity shall submit an application to the appropriate regulating entity. (2) The application submitted under paragraph (1) of this subsection shall be in addition to any other filing required by law. (b) An application shall include: (1) the name of the transferor; (2) the name of […]
Section 6.5-202 – Receiving an Application
(a) Within 10 working days after receiving an application, the appropriate regulating entity shall: (1) publish notice of the application in the most widely circulated newspapers that are part of a nonprofit health entity’s service area; and (2) notify by first-class mail any person that has requested in writing notice of the filing of an application. (b) The notice […]
Section 6.5-203 – Regulatory Entity
(a) (1) As soon as practicable, but no later than 90 days after receiving a complete application, including all necessary expert reports, the appropriate regulating entity shall hold a public hearing. (2) If the nonprofit health entity is a hospital, the regulating entity shall hold the public hearing in the jurisdiction in which the hospital is located. (b) A […]