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Saturday, November 23, 2024

HHS provides $49.1 million to businesses in Hoboken under CARES Act

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Through the fourth quarter of 2020, businesses in Hoboken received $49.1 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 $711,979 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
1Humc Opco, LLC$47,873,300
2East Coast Spine, Joint and Sports Medicine P. A.$232,039
3Fresenius Medical Care Hoboken, LLC$126,560
4Hoboken Drugs$125,149
5Robin Lucas PA, D.M.D.$101,381
6St. Peter's Pharmacy &drugs, LLC$58,865
7Hoboken Radiology, LLC$51,812
8Vytalize Health Medical 2, LLC$48,384
9Frank R. Depaola & Association, LLC, D.D.S.$47,663
10Hoboken Orthodontics$32,597
11Medicine Manager RX, LLC$32,214
12DR Marian Farag, PC, D.M.D.$30,198
13Prompt LLC, M.D.$29,527
14Dental Associates of Hoboken, PA$27,502
15Sharon Stern PC, D.D.S.$22,265
16Joseph Pollak$20,538
17Hoboken Oral Surgeons, LLC$20,120
18Dalberti Eye Center, LLC$18,124
19Hudson Pediatric Cardiology Center, Inc.$16,064
20Robert F Strell LLC, M.D.$14,769
21Robert Messinger$12,158
22Adolfo Fernandez-Obregon$11,178
23Hoboken Ankle & Foot Center$10,703
24Jenny Cam PC, M.D.$10,303
25Robert J Leon M D, P C$9,774
26Orlando Physical Therapy, PC$9,750
27Promptmd2, LLC$9,179
28Jagadish V. Damle, PA, M.D.$8,981
29Foot and Ankle Premier Specialists, LLC$8,864
30Hoboken Endodontics, LLC$8,770
31S & L Dental ARTS$8,437
32Hudson Home Health, LLC$8,408
33Yogini Mavani$8,346
34Craft Physical Therapy, LLC$6,844
35Joseph Kozel, LLC, M.D.$6,081
36Anthony Kyreakakis$5,620
37Ramesh Pitti$5,022
38David Schiettino$4,939
39DR Matienzo Health Care PA$4,926
40Hoboken Integrated Healthcare$3,850
41Robert Costomiris$3,191
42David Wilson$3,135
43Advanced Infectious Disease Medical, LLC$2,852
44Jodi Streich D. Ph.$2,450
45Charles Warren$1,932
46Mary McBride$1,684
47Michael Faloon$1,631
48Barbara Perlmutter$1,591
49Michael Pollak$1,503
50Health Fair Pharmacy Corporation$1,491

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