New Illinois Law Requires I/DD Congregate Care & Provider Organizations To Disclose Ownership By Asset Management Companies
A new Illinois law, House Bill (HB) 4728, requires congregate care facilities and provider organizations serving people with intellectual/developmental disabilities (I/DD) to disclose ownership by an asset management company or a pending sale to one. The requirements apply to organizations providing adult developmental training services, community living facilities, community developmental services agencies, certain I/DD and medically complex/developmentally disabled facilities, and certain institutions and group homes for children. These provider organizations will be required to report ownership-related business and financial information to the Illinois Health Facilities and Services Review Board.
The requirements are intended to increase . . .
