Okla. Admin. Code § 310:661-2-4

Current through Vol. 42, No. 7, December 16, 2024

Section 310:661-2-4 - Transfer of ownership of a licensed hospice

(a) The license of a hospice shall not be subject to sale, assignment, or other transfer, voluntary or involuntary.

(b) If an entity is considering acquiring a licensed hospice, then it must submit to the Department 30 days before the effective date of the acquisition:

(1) an application [See OAC 310:661-2-5] ;

(2) a non-refundable two thousand dollars ($2,000) fee [See OAC 310:661-2-6] ;

(3) a copy of the executed sales agreement; and

(4) an additional five hundred dollars ($500) for each alternate administrative office operated by the agency, if applicable.

(c) The following actions will not be considered a transfer of ownership or change in control requiring this subsection to apply:

(1) Change of a corporate or limited liability company licensee's name through amendments of the articles of incorporation or membership agreement.

(2) Sale of stock of a corporation.

(3) Sale or merger of a corporation that owns the hospice operating entity.

(4) Sale of membership interest of a limited liability company.

Okla. Admin. Code § 310:661-2-4

Added at 14 Ok Reg 2106, eff 4-7-97 (emergency); Added at 14 Ok Reg 2269, eff 6-12-97; Amended at 21 Ok Reg 1303, eff 5-27-04; Amended at 23 Ok Reg 2412, eff 6-25-06; Amended at 26 Ok Reg 2042, eff 6-25-09

Amended by Oklahoma Register, Volume 39, Issue 24, September 1, 2022, eff. 9/11/2022