S T A T E O F N E W Y O R K
________________________________________________________________________
3962
2025-2026 Regular Sessions
I N A S S E M B L Y
January 30, 2025
___________
Introduced by M. of A. FORREST -- read once and referred to the Commit-
tee on Health
AN ACT to amend the public health law, in relation to requiring the
commissioner of health to conduct a study on banning private equity
ownership in hospice care
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The public health law is amended by adding a new section
4016 to read as follows:
§ 4016. STUDY ON PRIVATE EQUITY OWNERSHIP IN HOSPICE CARE. 1. THE
COMMISSIONER, IN CONSULTATION WITH THE SUPERINTENDENT OF FINANCIAL
SERVICES, SHALL CONDUCT A STUDY CONSIDERING BANNING PRIVATE EQUITY
OWNERSHIP IN HOSPICE CARE IN THE STATE.
2. NOT LATER THAN FEBRUARY FIRST, TWO THOUSAND TWENTY-SEVEN, THE
COMMISSIONER SHALL SUBMIT A REPORT ON THE RESULTS OF SUCH STUDY TO THE
ASSEMBLY, THE SENATE, AND THE GOVERNOR AND MAKE SUCH REPORT PUBLICLY
AVAILABLE ON THE DEPARTMENT'S WEBSITE.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07360-01-5