Change in description of a HME services provider or discontinuation of business
||Any change in the ownership, business or trade name,
category, or address of a HME services provider requires a new application,
required fee, and license or certificate of registration. The new application
and required fee shall be submitted within thirty days of any change in the
ownership, business or trade name, category, or address.
||A change of
ownership includes any of the following:
||A change of
controlling interest of ten percent or more of a licensed or registered
corporation's outstanding shares of voting stock.
entity change from its original form, as licensed or registered, to a sole
proprietor ownership, partnership, limited liability company, corporation or
any other business entity.
corporation ceases and a new corporation or other business entity is
||An existing corporation continues and there is a one
hundred percent stock purchase by another corporation or other business
||Two wholly-owned subsidiaries of a parent company are
||A currently licensed or registered HME services
provider is purchased or operated by a different business entity than what is
listed on the original application, even if the location maintains the original
"doing business as" (DBA) and/or designated representative.
change other than that which was originally licensed.
change is deemed to have occurred when:
||There is an
addition or removal of one or more partners in a partnership to which a license
||The entity is sold and the sale becomes
||For partnerships, a transfer of a proportion of
ownership among existing partners is not a change of ownership, if there is no
addition or removal of a partner.
business model change as determined by the board to be a change of
||For publicly traded corporations, a routine sale of
stock is not a change of ownership.
A publicly traded corporation is a
corporation owned by stockholders who are members of the general public and who
trade shares publicly, often through a listing on a stock
||If any change of ownership in accordance with paragraph
(B) of this rule results in a new or different DBA, or a new or different
employer identification number (EIN), a new application fee is
||A change of ownership set forth in this rule or as
otherwise determined by the board's executive director or the director's
designee, may require the board to issue a new license or registration
||A change of ownership as described in paragraph (B) of
this rule of a licensee's parent or holding company shall not require a new
application, required fee, or license/ registration.
||A HME services
provider who plans to discontinue business activities shall file a notice with
the board. The notice shall be submitted, in a manner determined by the board,
at least thirty days in advance of the proposed date of discontinuing business,
unless waived by the board's executive director or the director's designee due
to extraordinary circumstances beyond the provider's control. This notice shall
include the following information:
||The name, address, and license or registration number
of the HME services provider discontinuing business.
||The name and
address of the location where the records will be maintained in accordance with
rule 4729:11-3-02 of the Administrative Code.
||The proposed date
of discontinuing business.
Cite as Ohio Admin. Code 4729:11-2-05
Five Year Review (FYR) Dates: