Ind. Code § 25-1-8.5-4
This is the official text of Ind. Code § 25-1-8.5-4, part of Indiana’s Code — part of the compiled statutory law of Indiana, published by the state as "Code." Browse the sections below, each linked to its official government source.
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Provision of written notice of merger or acquisition; requirements; confidentiality; review; investigative demand
Official statutory text
Sec. 4. (a) An Indiana health care entity that is involved in a merger or acquisition with another health care entity with total assets, including combined entities and holdings, of at least ten million dollars ($10,000,000) shall, at least ninety (90) days prior to the date of the merger or acquisition, provide written notice of the merger or acquisition to the office of the attorney general in a manner prescribed by the office of the attorney general.
(b) The notice required by subsection (a) must include the following information from each health care entity:
(1) Business address and federal tax number.
(2) Name and contact information of a representative of the health care entity concerning the merger or acquisition.
(3) Description of the health care entity.
(4) Description of the merger or acquisition, including the anticipated timeline.
(5) A copy of any materials that have been submitted to a federal or state agency concerning the merger or acquisition.
The notice submitted under this section must be certified before a notary public.
(c) The office of the attorney general shall keep confidential all nonpublic information, and the confidential information may not be released to the public.
(d) Not later than forty-five (45) days from the submission of a notice under subsection (a), the office of the attorney general:
(1) shall review the information submitted with the notice; and
(2) may analyze in writing any antitrust concerns with the merger or acquisition.
The office of the attorney general shall provide any written analysis described in subdivision (2) to the person that submitted the notice under subsection (a).
(e) The office of the attorney general may issue a civil investigative demand under IC 4-6-3 to a health care entity that has submitted a notice under this section for additional information.
(f) Any information received or produced by the office of the attorney general under this section is confidential.
As added by P.L.95-2024, SEC.2.
(b) The notice required by subsection (a) must include the following information from each health care entity:
(1) Business address and federal tax number.
(2) Name and contact information of a representative of the health care entity concerning the merger or acquisition.
(3) Description of the health care entity.
(4) Description of the merger or acquisition, including the anticipated timeline.
(5) A copy of any materials that have been submitted to a federal or state agency concerning the merger or acquisition.
The notice submitted under this section must be certified before a notary public.
(c) The office of the attorney general shall keep confidential all nonpublic information, and the confidential information may not be released to the public.
(d) Not later than forty-five (45) days from the submission of a notice under subsection (a), the office of the attorney general:
(1) shall review the information submitted with the notice; and
(2) may analyze in writing any antitrust concerns with the merger or acquisition.
The office of the attorney general shall provide any written analysis described in subdivision (2) to the person that submitted the notice under subsection (a).
(e) The office of the attorney general may issue a civil investigative demand under IC 4-6-3 to a health care entity that has submitted a notice under this section for additional information.
(f) Any information received or produced by the office of the attorney general under this section is confidential.
As added by P.L.95-2024, SEC.2.
Status: in_force · Read it on the official government site
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