Change of Ownership Review

Change of Ownership Review. Any person proposing a transaction that may constitute a Change of Ownership of an existing health care facility, major medical equipment, a health service, or an institutional health service shall submit a written Notice of Intent to Change Ownership to the Department at least thirty (30) days prior to the proposed date of the change. For proposed Changes of Ownership of a skilled nursing facility, intermediate care facility, or intermediate care facility for the mentally retarded, the Executive Director of the Division of Medicaid, Office of the Governor, must certify in writing that there will be no increase in allowable costs to Medicaid from Page 22 — Mississippi State Department of Health revaluation of assets or from increased interest and depreciation resulting from the proposed change, consistent with Miss. Code Ann. § 41-7-191(1)(i). The Department may require information concerning ownership and management structure, financing arrangements, operational control, asset transfers, lease arrangements, licensure implications, Medicaid implications, and other matters relevant to review.