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Gov. Malloy Bill Would Require Greater Hospital Disclosure

St._Francis_Hospital,_114_Woodland_Street_in_Hartford,_Connecticut,_2009-09-02.jpg
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Gov. Malloy's proposal will require hospitals, such as Saint Francis, to provide disclosure of their gains through sales.

Governor Dannel Malloy has proposed legislation requiring officials at nonprofit hospitals to disclose financial benefits they would gain if the hospital is bought by a for-profit entity.

The Journal Inquirer reports that Malloy's bill would require the disclosure as part of the approval process.

An Eastern Connecticut Health Network spokeswoman said state and federal regulations already require the disclosures. Nina Kruse also said company officials signed conflict-of-interest statements asking for disclosure of any benefits.

State law requires the office of the attorney general to determine if the purchase of a non-profit hospital by a for-profit company requires a certificate of need approval.

Malloy's proposal would require all officers, directors, board members and senior officials with the non-profit to be identified and whether they would maintain employment after the deal.

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