Section 6.5-301 – Acquisition

    (a)    The appropriate regulating entity may not approve an acquisition unless it finds the acquisition is in the public interest.     (b)    An acquisition is not in the public interest unless appropriate steps have been taken to:         (1)    ensure that the value of public or charitable assets is safeguarded;         (2)    ensure that the value of public or charitable assets is […]

Section 6.5-302 – Considerations by Attorney General

    In determining whether to approve an acquisition of a nonprofit hospital, the Attorney General shall consider:         (1)    the criteria listed in § 6.5-301 of this subtitle; and         (2)    whether the affected community will have continued access to affordable health care.

Section 6.5-303 – Considerations by Administration

    In determining whether to approve an acquisition of a nonprofit health service plan or a nonprofit health maintenance organization, the Administration shall consider:         (1)    the criteria listed in § 6.5–301 of this subtitle; and         (2)    whether the acquisition:             (i)    is equitable to enrollees, insureds, shareholders, and certificate holders, if any, of the transferor;             (ii)    is in compliance with Title […]

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 […]