Notification of Certain Transactions Involving Health Care: Nev. Rev. Stat. 598A.370
Current Status: Effective since 2021.
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Key Takeaways
- Requires parties to provide notice to the Nevada Attorney General (“NV AG”) for certain transactions involving “group practices” or “health carriers” in the state.
- The parties must provide notice 30 days prior to closing to the NV AG.
- The statute provides time for the NV AG to review transactions, but does not grant any additional powers to block or modify transactions beyond existing Nevada antitrust laws.
Applies to certain types of healthcare entities, including:
- Group practices, including entities with two or more practitioners organized in various types of entities; or
- Health carriers subject to the insurance laws and regulations of Nevada, or subject to the jurisdiction of the Commissioner.
There are no specific revenue thresholds required under the statute, which instead includes a market share threshold.
Parties must provide notice to the NV AG at least 30 days before closing.
For transactions that do not require an HSR filing, notifications include limited information regarding the transaction, including:
- Names of all practitioners who provide services in any relevant group practice; and
- Description of services provided by practitioners at each location.
All information provided to the NV AG is confidential, unless the parties waive confidentiality under a CID, a district court authorizes disclosure, or the NV AG is cooperating with the federal government.
NV AG may seek civil penalties up to $1,000 for each day a party is in violation of the notice requirement.
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