California Governor Gavin Newsom Vetoes Law Requiring Attorney General Approval for Certain Healthcare Investments
JD Supra: Mergers
OCTOBER 7, 2024
Last weekend, California Governor Gavin Newsom vetoed Assembly Bill (AB) 3129, which would have required healthcare investors to notify and obtain written consent from the California Attorney General (AG) before investing in certain healthcare facilities and providers. In a letter to the California State Assembly, Governor Newsom reasoned that California’s existing Office of Health Care Affordability (OHCA) is the more appropriate entity for healthcare transaction reviews.
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