IVCA Provides Updates for State Legislative Issues 07/22/2026 - One Forced resignation, One Indictment = Long Week for House Dems

PE OVERSIGHT BILL GOES TO GOVERNOR

As we’ve detailed previously the Illinois General Assembly considered numerous bills this session calling for bans, prohibitions, controls, limitations, and otherwise enhanced reporting of PE ownership in health care, housing, even law firms. Expect this trend to continue in 2027. IVCA is actively involved in addressing these issues.

* Tribune | Illinois bill awaiting Pritzker OK would add oversight on private equity firms buying disability group homes: The bill, which passed the General Assembly this spring with broad bipartisan support, requires facilities for people with intellectual and developmental disabilities to report to the state when they are purchased by an asset management company — such as a private equity fund, hedge fund or venture capital firm. After a community integrated living arrangement — commonly known as a group home or CILA — or other licensed facility for people with disabilities is purchased by such a firm, it would have to regularly report financial activity, including assets, liabilities and staffing levels, to the state Health Facilities and Services Review Board.