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September 29, 2014

Physician acquirers must notify AG

A new regulation taking effect this week requires parties involved in the acquisition of a physicians group to notify and share information with the state’s Attorney General.

Parties involved in mergers or acquisition of a physicians group will be required to notify the AG 30 days in advance and provide information on the nature of the proposed relationship; the respective identities and specialties of involved doctors; and services and service areas of each location.

“The notice requirement enacted this year will allow us to better monitor the healthcare market and, where appropriate, to enforce antitrust laws designed to protect Connecticut consumers,” Jepsen said in a statement.

The new requirement is part of legislation passed this year that also paves the way for more for-profit hospital operators to come to the state.

Also taking effect Oct. 1 is a provision that allows for-profits to form medical foundations, through which they can employ physicians and other providers.

The state’s Department of Public Health has scheduled a hearing for Oct. 15 regarding Vanguard Health Systems’ application to acquire nonprofit provider Greater Waterbury Health Network.

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