S. 4503 — Corporate Crimes Against Health Care Act

Corporate Crimes Against Health Care ActThis bill establishes criminal violations and civil penalties for private equity firms or investment companies that (1) take a controlling interest in a health care organization, and (2) contribute to a triggering event that results in the injury or death of a patient under the care of the acquired health care organization.A triggering event occurs if the acquired health care organization (1) closes; (2) is behind on rent payments for more than 90 days; (3) defaults on a loan for more than 90 days; or (4) is behind, at any time, on salary payments beyond specified limits.These violations also apply to conduct that contributes to a triggering event by a...