NRS 598A.370 “Reportable health care or health carrier transaction” defined.

224 words·~1 min read·/nv/chapter-598a-unfair-trade-practices/598a-370·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. “Reportable health care or health carrier transaction” means any transaction that:

(a)Results in a material change to the business or corporate structure of a group practice or health carrier; and

(b)As a result of the transaction, would cause a group practice or health carrier to provide within a geographic market 50 percent or more of any health care service, including, without limitation, a health care service involving a specialty, or any health carrier service.

2. The term does not include a transaction involving business entities which:

(a)Are under common ownership; or

(b)Have a contracting relationship that was established before October 1, 2021.

3. As used in this section, a “material change to the business or corporate structure of a group practice or health carrier” includes, without limitation:

(a)The merger, consolidation or affiliation of a group practice or health carrier with another group practice or health carrier;

(b)The acquisition of all or substantially all of:

(1)The properties and assets of a group practice; or

(2)The capital stock, membership interests or other equity interest of a group practice or health carrier;

(c)The employment of all or substantially all of the practitioners in a group practice; and

(d)The acquisition of one or more insolvent group practices.