ILLINOIS REGISTER 3357
HEALTH FACILITIES PLANNING BOARD
NOTICE OF ADOPTED AMENDMENTS
beneficially owns, holds or has the power to vote 5% or
more of any class of securities issued by the corporation.
ii) In the case of a corporation having fewer than 30
shareholders, a person who, directly or indirectly,
beneficially owns, holds or has the power to vote 50% or
more of any class of securities issued by the corporation, or
any member of any group of five or fewer shareholders
which, directly or indirectly, beneficially own, hold or have
the power to vote 80% or more of any class of securities
issued by the corporation.
E) If any person or entity owns any option to acquire stock, the stock
shall be considered to be owned by such person or entity.
3) Examples of facilities owned or operated by the applicant:
A) The applicant, Partnership ABC, owns 60% of the shares of
Corporation XYZ which manages the Good Care Nursing Home
under a management agreement. The applicant, Partnership ABC,
owns or operates Good Care Nursing Home.
B) The applicant, Healthy Hospital, a corporation, is a subsidiary of
Universal Health, the parent corporation of Healthcenter ASTC, its
wholly-owned subsidiary. The applicant, Healthy Hospital, owns
and operates Healthcenter ASTC.
C) Dr. Wellcare is the applicant. His wife is the director of a
corporation which owns a hospital. The applicant, Dr. Wellcare,
owns or operates the hospital.
D) Drs. Faith, Hope and Charity own 40%, 35%, and 10%,
respectively, of the shares of Healthfair, Inc., a corporation, which
is the applicant. Dr. Charity owns 45% and Drs. Well and Care
each own 25% of the shares of XYZ Nursing Home, Inc. The
applicant, Healthfair, Inc., owns and operates XYZ Nursing Home,
4) Documentation to be submitted shall include:
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