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New NY Health Law Alters Material Transaction Guidelines

4/4/2025

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Summary

Story summary

The New York State Department of Health's new guidance on material transactions law took effect on August 1, 2023.
It specifies that related transactions require only one common party to qualify for the “de minimis” exception.
Health care entities must notify NYSDOH 30 days prior to closing a material transaction.
Proposed amendments could extend the notice period to 60 days and add further disclosure requirements.
This law impacts a range of health care entities, including physician practices and insurance plans.

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Story summary

The New York State Department of Health's new guidance on material transactions law took effect on August 1, 2023.
It specifies that related transactions require only one common party to qualify for the “de minimis” exception.
Health care entities must notify NYSDOH 30 days prior to closing a material transaction.
Proposed amendments could extend the notice period to 60 days and add further disclosure requirements.
This law impacts a range of health care entities, including physician practices and insurance plans.