What defines a change of ownership?
Generally Change of Ownership means (i) an event in which the licensee sells or otherwise transfers its ownership to a different individual or entity, as evidenced by a change in federal employer identification number, or (ii) an event in which 51 percent or more of the ownership, shares, membership, or controlling interest of a licensee is transferred, or (iii) a change of business entity type or structure (i.e. S-corporation to Limited liability corporation, sole proprietorship to corporation). Change of ownership may involve mergers, transfers, outright sale or partial sale, stock exchanges, or change in legal entity. This is not a formal definition. For formal legal determination of change of ownership, please seek the advice of legal counsel. Back To Top What are the Registration Requirements for Oxygen and/or Medical Gases? Oxygen and/or medical gases for medical purposes are considered prescription drugs under registration and licensure requirements. If a facility is manufacturi
