Md. Code, State Gov’t § 6.5-301. Approval of acquisitions: Attorney General; Acquisition of Nonprofit Health Entities – Maryland

Status: Enacted
Year Enacted: 1998
Year Amended: 2004
File: Download

The regulating entity shall not approve the acquisition unless it is in the public interest. In so determining, it shall ensure that the value of public or charitable assets is safeguarded, that the value of public or charitable assets is spent in a manner that corresponds with the potential risk associated with the acquisition, and that the fair value of the public or charitable assets of a nonprofit health service plan or a HMOs will be distributed to the Maryland Health Care Trust.

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