Medical-Aesthetics Corporation Ownership

Section 1 of the bill specifies that one or more physician assistants licensed by the Colorado medical board may own a majority of a corporation organized solely for the purpose of providing medical-aesthetic services.The bill codifies a new exception to the ownership requirement. Section 2 establishes that, if a corporation is organized solely for the purpose of providing medical-aesthetic services, the following individuals may be a shareholder of that corporation, if the individual holds an active license issued by their profession's respective licensing body in Colorado:An esthetician;A cosmetologist;A practical nurse;A registered nurse;An advanced practice registered nurse; orA physician assistant.Current statute defines "medical-aesthetic services" as therapeutic procedures used in aesthetics. This definition applies to the corporations recognized in the exception to the ownership requirement codified by the bill.(Note: This summary applies to this bill as introduced.)