(a) Within 10 working days after receiving an application, the appropriate regulating entity shall:
(1) publish notice of the application in the most widely circulated newspapers that are part of a nonprofit health entity’s service area; and
(2) notify by first-class mail any person that has requested in writing notice of the filing of an application.
(b) The notice under subsection (a) of this section shall:
(1) state that an application has been received;
(2) state the names of the parties to the acquisition;
(3) describe the contents of the application;
(4) state the date by which a person must submit written comments on the application; and
(5) provide the date, time, and place of the public hearing on the acquisition.
(c) The applicant shall bear the cost of the notice required under this section.