Nursing Home
Change of Ownership
A new license is required whenever there is a change of ownership, and the prospective licensee must apply for a license prior to operating a currently licensed nursing home. The licensee must change whenever one of the following events occur:
- A licensee's legal entity structure, such as an LLC or a corporation, is converted or changed to a different type of legal entity structure.
- The licensee dissolves, consolidates, or merges with another legal organization and the licensee's legal organization does not survive.
- Within the previous 24 months, 50% or more of the licensee's ownership interest is transferred, whether by a single transaction or multiple transactions to:
- a different person or multiple different persons; or
- a person or multiple persons who had less than a five percent ownership interest in the facility at the time of the first transaction; or
- Any other event or combination of events that results in a substitution, elimination, or withdrawal of the licensee's responsibility for the facility.
Facility operation: The current licensee remains responsible for the operation of the nursing home until the nursing home is licensed to the prospective licensee.
