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Saturday, November 23, 2024

HHS provides $156.7 million to businesses in Jersey City under CARES Act

Genbusiness007

Through the fourth quarter of 2020, businesses in Jersey City received $156.7 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 $503,966 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
1Jersey City Medical Center$73,078,219
2Hudson Hospital Opco, LLC$70,661,661
3Barnabas Health Medical Group, PC$1,139,932
4Garden State Healthcare Associates, LLC$1,000,000
5Margaret Anna Cusack Care Center, Inc.$936,358
6St. Ann's Home for the Aged$855,070
7New Jersey Medical and Health Associates, LLC$599,441
8Downtown Management, LLC$594,998
9Allegra Arthritis Associates, PC$525,744
10Best Home Care, Inc.$359,909
11Fresenius Medical Care Jersey City, LLC$343,351
12Promise Care of Hudson County, LLC$293,928
13Hudson Hematology Oncology, LLC$293,125
14Newport Pharmaceutical Services, Inc.$278,776
15Shree Yash Corp$229,175
16Downtown Chemists Corp$192,515
17Feraydoon Kohan LLC, M.D.$185,329
18Hamilton Park Dialysis Opco, LLC$174,814
19Pain and Disability Institute, P.C.$161,678
20Michel S. Badin PA, M.D.$135,086
21Metropolitan Family Health Network$132,143
22Haig Rickerby LLC, D.M.D.$119,584
23SV Pharma, Inc.$117,270
24Hudson Primary Care Professional, LLC$113,213
25New Jersey Kidney Care, LLC$110,729
26DRS Medical Associates$105,608
27Palisade Eye Associates, P.C.$100,420
28Excel Pharmacy$99,902
29Family Senior Health, LLC$91,871
30Foot and Ankle Specialty, LLC$89,955
31Jersey Apothercary, Inc.$87,949
32Misha Healthcare, LLC$86,710
33Sohum RX, LLC$82,730
34Liberty Physical Therapy, PC$79,903
35Baines Family Dental, LLC$76,206
36Winston C. Umali, P. C., M.D.$71,011
37Spectrum Health Care, Inc.$69,714
38Liberty Emergency Medical Associates, LLC$69,670
39Optical Palace, LLC$69,109
40The Prescription Shoppe$65,621
41St. Ann Ortho Fitting, LLC$64,874
42New Edge Orthopedics$59,239
43Sahara Medical Associates$56,048
44Joan Noroff$53,390
45Jersey Dental Arts P.A.$52,054
46Family Pharmacy, Inc.$51,069
47Nassiri Pediatric Dentistry$50,447
48Prosthodontic Associates of New Jersey PA$50,254
49DRS. Savoy & Siegel, LLC$48,664
50SLC Pharmacy, Inc.$47,884

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