26 Tex. Admin. Code § 511.15 - Change of Ownership
(a) A change of
ownership of a limited services rural hospital (LSRH) occurs when there is a
change in the person or governmental entity legally responsible for the
operation of the LSRH, whether by lease or by ownership.
(1) If a licensee amends its articles of
incorporation to revise its name and the tax identification number does not
change, this section does not apply, except that the corporation must notify
the Texas Health and Human Services Commission (HHSC) within 10 calendar days
after the effective date of the name change.
(2) The sale of stock of a licensee does not
cause this section to apply.
(b) The new owner shall submit a license
application to HHSC before the date of the change of ownership or not later
than 10 calendar days after the date of a change of ownership. The application
shall be in accordance with §
511.12 of this subchapter
(relating to the Application and Issuance of Initial License) except the
applicant does not need to submit any transfer agreements previously approved
by HHSC if the current applicant affirmatively indicates adoption of the
HHSC-approved transfer agreement. In addition to the documents required in
§
511.12 of this subchapter, the
applicant shall include a legal document reflecting the change of ownership,
such as a copy of the signed bill of sale, or lease agreement, that reflects
the effective date of the sale or lease and has been executed by both
parties.
(c) HHSC may waive the
on-site construction and health inspections required by §
511.12 of this
subchapter.
(d) When HHSC
determines the new owner has complied with the provisions of §
511.12 of this subchapter, HHSC
shall issue a new license which shall be effective the date of the change of
ownership.
(e) The expiration date
of the license shall be in accordance with §
511.12 of this
subchapter.
(f) The previous
owner's license shall be void on the effective date of the new owner's
license.
Notes
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