Recent changes to the Internal Revenue Code may require tax-exempt hospitals to restructure ownership of certain...

This article by attorney mandarino explores the implications of a 1997 change in the Internal Revenue Code affecting tax-exempt hospitals which run or operate for-profit businesses. The piece explores the application of prior law to hospital ownership of for-profit ventures and continues on to review the implications of the 1997 amendment, particularly on existing structures. The article conclude with suggestions to avoid applications of the amended section.