Indiana Code Title 27. Insurance § 27-1-47.5-2

(A) not directly or indirectly owned or controlled by an entity that is headquartered outside of the county where the hospital is located;  or

(B) owned or controlled by an entity that owns or operates hospitals on not more than three (3) acute care hospital licenses in Indiana.  For purposes of this clause, a critical access hospital that meets the criteria under 42 CFR 485.601 et seq. does not count toward the number of acute care hospital licensed operated by an entity.