California Requires Notification for Health Care Mergers

California will require health care entities to notify the state of mergers closing on or after April 1, 2024, according to Triage Health Law. Entities will have to give the state 90-day notice for certain mergers, acquisitions, or other health care service transactions that meet certain criteria, such as having a market value of $25 million or more, increasing the entity’s California-derived revenue by $10 million or 20 percent, or exchanging 25 percent or more of the California assets for the submitted.