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    (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 under subsection (a) of this section shall:

        (1)    state that an application has been received;

        (2)    state the names of the parties to the acquisition;

        (3)    describe the contents of the application;

        (4)    state the date by which a person must submit written comments on the application; and

        (5)    provide the date, time, and place of the public hearing on the acquisition.

    (c)    The applicant shall bear the cost of the notice required under this section.