On Saturday, September 28th, Governor Newsom vetoed AB 3129, which would have required pre-closing notice to and, in some instances, approval by the California Attorney General for a wide range of private equity health care...more
The California legislature passed AB 3129 late Saturday night, the last day of the legislative session. The final bill included some amendments in the final days of the legislative session that carved out certain types of...more
9/4/2024
/ Acquisition Agreements ,
Corporate Sales Transactions ,
Healthcare ,
Hedge Funds ,
Investment ,
Investors ,
Merger Agreements ,
Private Equity ,
Proposed Legislation ,
Regulatory Agenda ,
Regulatory Reform
This month, California lawmakers progressed in making changes to AB 3129, the bill proposing to give the California Attorney General (“AG”) approval authority over certain private equity and hedge fund investments in the...more
The California legislature is considering a bill that could severely impact the ability for private equity companies and hedge funds to operate in the California health care industry. AB 3129, introduced by Assembly Member...more
4/1/2024
/ Acquisition Agreements ,
California ,
Healthcare ,
Hedge Funds ,
Investment ,
Investors ,
Life Sciences ,
Merger Agreements ,
Merger Controls ,
Private Equity ,
Private Equity Funds ,
Proposed Legislation ,
Regulatory Agenda ,
Regulatory Reform
On Tuesday, November 28, 2023, California’s Office of Health Care Affordability (“OHCA”) published its latest version of the proposed regulations requiring advanced notice of certain health care transactions in California for...more
12/1/2023
/ Acquisition Agreements ,
Healthcare ,
Healthcare Facilities ,
Hospital Mergers ,
Hospitals ,
Material Change Doctrine ,
Merger Agreements ,
Notice Requirements ,
Private Equity ,
Proposed Regulation ,
Regulatory Requirements ,
Transaction Reporting