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Newark Reporter

Friday, November 15, 2024

HHS provides $173.6 million to businesses in Newark under CARES Act

Genbusiness010

Through the fourth quarter of 2020, businesses in Newark received $173.6 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 $748,390 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
1University Hospital$107,317,928
2Prime Healthcare Services St. Michaels, LLC$43,045,566
3Columbus Hospital Ltach, LLC$6,322,871
4University Physician Associates of New Jersey, Inc.$2,620,223
5Sinai Center for Rehabilitation and Healthcare, LLC$2,519,710
6300 Broadway Healthcare Center, LLC$1,951,776
7New Community Health Care, Inc.$990,047
8Platinum Health at Westgate, LLC$772,713
9Forest Hill Health Care Center, Inc.$762,469
10Platinum Health at Richboro, LLC$553,477
11Newark Aids Consortium, Inc.$552,616
12Mount Carmel Guild Behavioral Health$424,009
13Newark Community Health Centers, Inc.$391,529
14Integrity, Inc.$331,408
15Childsmiles Pa$308,188
16Rutgers School of Dental Medicine$266,865
17Christopher Dennis PLLC, M.D.$215,288
18Capital Orthopaedic Specialists, LLC$210,505
19MT Prospect Pharmaceutical Services, Inc.$170,000
20St. Peter Pharmacy, LLC$169,985
21Shree-Shakti, Inc.$147,822
22Fresenius Medical Care Ironbound, LLC$137,785
23Rutgers Health Dental Associates$120,041
24Alessandra Bertolucci LLC, M.D.$110,330
25American Habitare and Counseling, Inc.$109,917
26Dental Kidz, LLC$106,864
27NJ Endovascular & Amputation Prevention, LLC$102,996
28The Lennard Clinic, Inc.$96,968
29Essex Hudson Urology, PC$94,290
30Catholic Charities of the Archdiocese of$86,338
31Angelos Pharmaceutical Services, Inc.$85,675
32Orange St. Dental Associates, LLC$82,283
33Prescriptions ETC., Inc.$78,150
34Marc Roberts PA, M.D.$70,854
35Nbimc Department of Heart$68,836
36Amita Corp$67,594
37War Ministry Corporation$66,478
38Essex Hudson Cardiology Associates, LLP$65,885
39Newark Beth Israel Emergency Medical Associates, LLC$62,311
40Essex Medical and Nephrology Associates, PA$57,806
41Eye Clinic, P. A.$54,672
42Nbimc Department of Cardio-Thoracic$53,018
43BMRR Corporation$52,200
44Greater Essex Counseling Services, LLC$52,157
45Julio Hubert$49,646
46Nbimc Department of Radiology$47,023
47Siddhivinayak, Inc.$44,206
48Specialty Anesthesia, PLLC$44,053
49All City Dental Services, PA$40,826
50Gotham Diagnostic Imaging, P. C.$40,804

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