Bed Buy-Back became effective on July 20, 2007 to allow Medicaid participating nursing facilities the opportunity to purchase and close nursing homes and receive fair rental value, property tax and property insurance incentive payments for five years after the legal transfer of ownership and closure of the seller’s nursing facility. Refer to LAC 50:VII.1312 Fair Rental Value, Property Tax and Property Insurance Incentive Payments to Buyers of Nursing Facilities for the Bed Buy-Back rule.
