26 Tex. Admin. Code § 505.24 - Change of Ownership
(a) Change of
ownership defined. A change of ownership of a hospital occurs when there is a
change in the person legally responsible for the operation of the hospital,
whether by lease or by ownership.
(1) If a
corporate licensee amends its articles of incorporation to revise its name and
the tax identification number does not change, this subsection does not apply,
except that the corporation must notify the department within 10 calendar days
after the effective date of the name change.
(2) The sale of stock of a corporate licensee
does not cause this subsection to apply.
(b) License application required. The new
owner shall submit an application for an initial license to the Department of
State Health Services (department) prior to the date of the change of ownership
or not later than 10 calendar days following the date of a change of ownership.
The application shall be in accordance with §
133.22
of this title (relating to the Application and Issuance of Initial License)
except that the applicant need not submit any transfer agreements previously
approved by the department and the current applicant has affirmatively
indicated it has adopted the transfer agreement. In addition to the documents
required in §
133.22
of this title, the applicant shall include a copy of the signed bill of sale or
lease agreement that reflects the effective date of the sale or
lease.
(c) Inspections. The on-site
construction and health inspections required by §
133.22
of this title may be waived by the department.
(d) Issuance of license. When the new owner
has complied with the provisions of §
133.22
of this title, the department shall issue a license which shall be effective
the date of the change of ownership.
(e) Expiration of license. The expiration
date of the license shall be in accordance with §
133.22(d)(2)
of this title.
(f) License void.
The previous owner's license shall be void on the effective date of the new
owner's license.
Notes
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