Ohio Long Term Care Facility Bond

OhioA new bill was enacted in the State of Ohio on May 27th, 2010 concerning long term care facility operators. The new bill, which is referred to as HB 398 provides measures for long term care facility operators that conclude or close their operations, as well as procedures for managing any debt to the U.S. Centers for Medicare and Medicaid Services using successor liability agreements. HB 398 forbids such agreements from requiring the new facility operator to acquire a surety bond.