Nursing facilities must comply with federal ownership disclosure requirements under 42 CFR §§420.206 and 455.104, and must provide written notice to the state licensing agency whenever there is a change in ownership or control interest, officers, directors, agents, managing employees, the managing corporation or association, or the facility's administrator or director of nursing. Each notice must identify the new individual or company involved in the change.
View official sourceF844 (Rev. 225; Issued: 08-08-24; Effective: 08-08-24; Implementation: 08-08-24) §483.70(j) Disclosure of ownership. §483.70(j)(1) The facility must comply with the disclosure requirements of §420.206 and 455.104 of this chapter. §483.70(j)(2) The facility must provide written notice to the State Agency responsible for licensing the facility at the time of change, if a change occurs in— (i) Persons with an ownership or control interest, as defined in §§420.201 and 455.101 of this chapter; (ii) The officers, directors, agents, or managing employees; (iii) The corporation, association, or other company responsible for the management of the facility; or (iv) The facility's administrator or director of nursing. §483.70(j)(3) The notice specified in paragraph (j)(2) of this section must include the identity of each new individual or company. The following hyperlinks are included for surveyor reference only. 42 CFR §420.201 Disclosure of Ownership and Control: Definitions 42 CFR §420.206 Disclosure of Persons Having Ownership, Financial, or Control Interest 42 CFR §455.101 Disclosure of Information by Providers and Fiscal Agents: Definitions 42 CFR §455.104 Disclosure by Medicaid Providers and Fiscal Agents: Information on Ownership and Control