Here's What New York's Material Transactions Law Means for Investment Activity in Health Care

Healthcare attorney Nili Yolin was interviewed by Crain's New York Business about the "material transactions" law that recently took effect in New York. The law directs certain healthcare entities to inform of sales and mergers and acquisitions within 30 days of closing, giving state officials more leverage to examine investor-backed healthcare transactions that raise total in-state revenues by $25 million or more for one of the parties. Furthermore, entities must advise how ownership changes will impact healthcare quality and access. Ms. Yolin explained that parts of the law are still unclear, and the state's Department of Health needs to give more guidance on how the law will look in practice.

"At the end of the day, the state is just looking to ensure safe, affordable, high-quality care is delivered in an equitable manner," she said.

READ: Here's What New York's Material Transactions Law Means for Investment Activity in Health Care (Subscription required)