New Jersey Administrative Code
Title 8 - HEALTH
Chapter 43 - STANDARDS FOR LICENSURE OF RESIDENTIAL HEALTH CARE FACILITIES LOCATED WITH, AND OPERATED BY, LICENSED HEALTH CARE FACILITIES
Subchapter 4 - GENERAL REQUIREMENTS
Section 8:43-4.3 - Transfer of ownership
Current through Register Vol. 56, No. 6, March 18, 2024
(a) Prior to transferring ownership of a facility, the prospective new owner shall submit an application to the Office of Certificate of Need and Healthcare Facility Licensure. The application shall include the following items:
(b) Approval of a transfer of ownership is contingent upon a review of the applicant's track record, in accordance with the rules specified at 8:33-4.10 and 8:43E-5.1.
(c) Approval of a transfer of ownership is contingent upon payment of all outstanding State penalties issued by the Department against the current owner, or written verification by the applicant that the applicant will assume responsibility for payment of such State penalties.
(d) When a transfer of ownership application has been reviewed and deemed acceptable, an approval letter from the Office of Certificate of Need and Healthcare Facility Licensure shall be sent to the applicant along with licensure application forms.
(e) Within five days after the transaction has been completed, the applicant shall submit the following documents to the Office of Certificate of Need and Healthcare Facility Licensure: