(2) In its notification to the department and to inform the department's review, the applicant, potential transferee or licensee shall provide the proposed management company's name, contact information and any other information on the proposed management company and its personnel that may be reasonably requested by the department, including, but not limited to, information required pursuant to subsection (g). Upon a determination by the department that the proposed management company is responsible and suitable to manage a long-term care facility, the applicant, potential transferee or licensee may engage said company to manage the long-term care facility.
(3) The applicant, potential transferee or licensee shall memorialize any such engagement in a written agreement with the management company. Such written agreement shall include a requirement that the management company and its personnel comply with all applicable federal, state and local laws, regulations and rules. Promptly after the effective date of any such agreement, the applicant, potential transferee or licensee shall provide to the department a copy of the valid, fully executed agreement. Any payment terms included in the agreement shall be confidential and exempt from disclosure under clause Twenty-sixth of section 7 of chapter 4 and chapter 66.
(4) If the department determines that a management company is not responsible and suitable, the department's determination shall take effect on the date of the department's notice to the applicant, potential transferee or licensee. In such cases and upon the filing of a written request, the department shall afford the applicant, potential transferee, licensee or management company an adjudicatory hearing pursuant to chapter 30A.