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Saturday, November 23, 2024

HHS provides $84.6 million to businesses in Somerset under CARES Act

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Through the fourth quarter of 2020, businesses in Somerset received $84.6 million in health-related relief from the CARES Act issued by the Department of Health and Human Services.

According to numbers reported through the fourth quarter of 2020, businesses in New Jersey received $4.3 billion in health-related relief from the CARES Act issued by the Department of Health and Human Services. The largest recipient of funding in the state was HMH Hospitals Corporation with a total of $401.2 million. The average loan size in the city was $531,903 while the state's average loan amount was $261,158.

Of the money distributed, $30 billion went out automatically to health providers based on previous year medicare payments. If the money wasn't returned within 90 days the provider is then automatically entered into the repayment terms that are issued by HHS. With the money going out automatically and the rules constantly changing, some of the businesses that received the money weren't eligible to receive it once the final rules were sent out.

According to the Department of Health and Human Services, this information represents the list of providers that received a payment from the General Distribution, High Impact Targeted Allocation, Safety Net Hospitals, Non-Medicare, Rural Targeted Allocation and/or the Skilled Nursing Facility Targeted Allocation of the Provider Relief Fund and who have attested to receiving one or more payments and agreed to the Terms and Conditions as of July 8, 2020.

50 largest PPP loan recipients
RankBusinessDollar Amount Received
1Newark Beth Israel Medical Center, Inc.$69,622,084
2Barnabas Health Medical Group, P C$4,367,550
3Robert Wood Johnson Physician Enterprise$1,848,421
4Theranorth Services, LLC$1,142,486
5Complete Care at Willow Creek, LLC$1,021,125
6Somerset Woods Rehabilitation and Nursing Center, LLC$946,256
7University Orthopaedic Associates, LLC$693,286
8Anesthesia Consultants of New Jersey, LLC$610,845
9Albany Regional Eye Surgery Center, LLC$298,738
10The Martin and Edith Stein Hospice$283,013
11Heart & Vascular Center of New Brunswick, LLC$218,641
12Clarity Laboratories, LLC$206,688
13University Center for Ambulatory Surgery$190,674
14Somerset Eye Institute, PC$172,304
15Princeton and Rutger Neurology, P. A.$136,973
16Pharmscript of KS, LLC$131,310
17Pharmscript of TN, LLC$127,141
18The Martin & Edith Stein Assisted Living Residence, Inc.$116,618
19Advanced Dental Arts Pa$110,876
20Staten Island Ophthalmology, PC$110,684
21Forever Young Medical Daycare, LLC$104,368
22David Yakobashvili, LLC, M.D.$97,513
23New Jersey Optometry, PC$96,906
24New Jersey Sports & Spine Medicine, PC$96,886
25Helpers Home Care Agency, LLC$79,191
26Digestive Disease Center of NJ, LLC$78,907
27Pharmscript of West Texas, LLC$66,782
28Paradise Adult Day Healthcare$64,717
29Dental Care Marlboro, LLC$63,682
30Cedar Grove Dental Associates$52,768
31Center for Great Expectations$52,048
32Somerset Family Dentistry, LLC$50,760
33Manju Misra PC, M.D.$48,814
34Natural Medicine & Rehabilitation Center, PA$47,642
35Associated Renal & Hypertension Group, PC$46,662
36Family Dental of Princeton, LLC$44,986
37Dynamic Rehab Physical Therapy, PC$39,592
38Fresenius Medical Care Piscataway, LLC$39,203
39Brunswick Pulmonary & Sleep Medicine, PC$37,627
40Kasimatis, Inc.$36,212
41Mahajan Rehabilitation Medicine, LLC$35,604
42Academic Dermatology, Inc.$33,787
43Solomon Kuchipudi LLC, M.D.$32,958
44Somerset Pediatric Dental Associates, L.L.C.$32,026
45Lin Li, PA, M.D.$28,596
46Nilesh Patel$28,479
47The Cardio-Thoracic Surgical Group, PA$28,335
48Global Healthcare Partners, LLC$27,612
49Kidney Care and Hypertension Center, LLC$26,231
50Somerset Smiles Pa$25,576

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