Update Applicable to:
All employers of workers in healthcare facilities in the state of New Jersey.
On August 18, Governor Murphy signed into law S315 (22R), which aims to protect employment, wages, and benefits during changes in control at healthcare facilities.
What are the details?
Effective November 16, 2022, when a change in control occurs, the former and “successor” healthcare employers will now both have new and very significant legal obligations. This law can dramatically alter the landscape of healthcare acquisitions across New Jersey.
Below are some key points of the bill provided by the law firm Ballard Spahr LLP:
For more information, please see the links below:
Official Site of the State of New Jersey Article
What do employers need to do?
Employers should review the links provided above and continue the employment of eligible employees without reducing wages or paid to time off or reducing the total value of benefits.