New York Codes, Rules and Regulations
Title 10 - DEPARTMENT OF HEALTH
Chapter V - Medical Facilities
Subchapter B - Hospital Establishment
Part 620 - Incorporations And Transfers Of Proprietary Businesses
Section 620.2 - Transfers of interest by sole proprietors or partnerships
Universal Citation: 10 NY Comp Codes Rules and Regs ยง 620.2
Current through Register Vol. 46, No. 39, September 25, 2024
(a) An individual or partnership seeking Public Health Council approval of transfer of all or part of the ownership of the business shall file information, documents and data as follows:
(1) A certified copy of the applicant's
certificate of doing business, or where the applicant proposes to continue the
partnership name, a photocopy of the executed proposed certificate of doing
business.
(2) Where the applicant
is a partnership, full and true copies of all partnership agreements.
(3) A declaration of the percentage of the
business to be transferred.
(4) A
financial statement setting forth the purchase price of the interest in the
business being sold and the financial resources available to make such
purchase, or the basis on which such transfer is to be financed.
(5) Where any transfer is to be by gift, a
statement of the relationship between the donor and donee.
(6) Information as to the character,
experience, competence and standing in their community of the proposed
proprietor or partners.
(7) Where
the applicant proposes a change of name by which the facility is doing
business, a photocopy of the executed proposed certificate of doing
business.
(8) Such additional
pertinent information or documents necessary for the council's consideration,
as requested.
(b) In addition to meeting the applicable requirements of subdivision (a) of this section, an application for the transfer of less than a 20 percent interest in a partnership shall be processed as follows:
(1) The local health systems agency may waive
review, but, if such review is not waived, it shall make its recommendation
within 90 days from the date a complete application is received by the
department.
(2) The department
shall process an application subject to this subdivision and submit it to the
State Hospital Review and Planning Council for a recommendation and to the
Public Health Council for a decision within 150 days from the date a complete
application is received by the department, provided that such time period may
be extended for a time not to exceed the time the department awaited a response
from the applicant to requests for additional documentation and information.
The Public Health Council shall act on the application within the same such
time period. If the Public Health Council defers the application, the council
shall advise the applicant in writing of the reasons for such deferral. A
deferred application shall be returned to the Public Health Council, and the
council shall propose to approve or disapprove such application no later than
the second council meeting following the meeting at which the application was
deferred.
(3) In accordance with
subdivision (4) of section
2801-a of
the Public Health Law, an application solely for a transfer of interest in an
existing established partnership shall not be subject to a public need
review.
Disclaimer: These regulations may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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