SECTION 310:661-2-4. Transfer of ownership of a licensed hospice

(a)   The license of a hospice shall not be subject to sale, assignment, or other transfer, voluntary or involuntary.

(b)   If an entity is considering acquisition of a licensed hospice, an application for first-year license with an initial application fee of five hundred dollars ($500.00) and a first-year license fee of one thousand five hundred dollars ($1500.00) and five hundred dollars ($500.00) for each alternate administrative office operated by the agency shall be submitted to the Department at least thirty (30) days prior to the effective date of the change. A copy of the executed sales agreement shall be provided to the Department.

(c)   The following actions shall not be considered a transfer of ownership or change in control requiring this subsection to apply:

(1)   Change of a corporate or limited liability company licensee's name through amendments of the articles of incorporation or membership agreement.

(2)   Sale of stock of a corporation.

(3)   Sale or merger of a corporation that owns the hospice operating entity.

(4)   Sale of membership interest of a limited liability company.

[Source: Added at 14 Ok Reg 2106, eff 4-7-97 (emergency); Added at 14 Ok Reg 2269, eff 6-12-97; Amended at 21 Ok Reg 1303, eff 5-27-04; Amended at 23 Ok Reg 2412, eff 6-25-06; Amended at 26 Ok Reg 2042, eff 6-25-09]