Ind. Code § 16-21-10-4
(a) As used in this chapter, "hospital" means either of the following:
(b) The term does not include the following:
(2) A hospital:
(c) As used in this section, "physician owned hospital" means an acute care hospital licensed under IC 16-21-2 that has:
(2) ownership by a legal entity with one hundred percent (100%) physician ownership;
or ownership described in both subdivisions (1) and (2), and such ownership of the hospital is at least fifty-one percent (51%).
(d) The office may, subject to approval from the United States Department of Health and Human Services, exclude any of the following from the term for purposes of this chapter:
As added by P.L.205-2013, SEC.214. Amended by P.L.216-2025, SEC.20.