Section 51.47. Reporting requirements for ownership change

(a) A change in ownership or control interest of 5% or more shall be reported in writing to the Department or the Department’s designee at least 30 days prior to the date the change is to occur.

(b) If the provider is unable to report an ownership or controlling interest change at least 30 days prior to the date the change is to occur, the provider shall report the change as soon as possible, but no later than 2 business days after the change occurs.

(c) The notification to the Department or the Department’s designee must include the following:

(1) The effective date of sale or change.

(2) A copy of the sales agreement or document that related to the change in controlling interest.

(3) A detailed explanation regarding why the provider was unable to report the change within 30 days as specified in subsection (a).

(d) If the provider fails to notify the Department or the Department’s designee as specified in subsections (a)—(c), the provider forfeits payment in full for each day after the change occurred.