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Sunday, September 29, 2024

HHS provides $46 million to businesses in Freehold under CARES Act

Genbusiness008

Through the fourth quarter of 2020, businesses in Freehold received $46 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 $240,882 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
1Centrastate Medical Center, Inc.$35,125,777
2Morristown Post Acute Rehabilitation and Nursing Center$1,637,893
3Allaire Healthcare Group, LLC$1,245,014
4Health Affiliates, Inc.$952,241
5Wedgwood Gardens Care Center$950,875
6The Jewish Home for Rehabilitation and Nursing, Inc.$816,905
7Center for Aging, Inc.$768,344
8Advanced Orthopedics and Sports Medicine Institute, PC$375,748
9Millennium Eye Care, LLC$297,900
10New Horizons in Autism, Inc.$269,365
11Freehold Ophthalmology, LLC$236,198
12Central Jersey Emergency Medicine Associates$210,049
13Freehold Endoscopy Associates, LLC$120,875
14Lakewood Urology Limited Liability Company$116,715
15Change of Heart Cardiology, LLC$111,024
16Centrastate Assited Living, Inc.$110,022
17Professional Orthopaedic Association PA$105,047
18Specialty Script Freehold, LLC$103,685
19Mid Atlantic Perodontics, P C$103,224
20Tender Smiles 4 Kids of Monmouth$96,329
21Mid Atlantic Diabetes and Endocrinology Associates$90,575
22Surgicare of Freehold, LLC$84,172
23Mamta Shah, PC$81,754
24Central Jersey Spine & Wellness, Inc.$69,360
25Freehold Hospitalists, LLC$64,657
26Prime Surgicare$62,573
27Freehold Orthodontics$57,927
28Atlas Medical Care, LLC$56,990
29Freehold Surgical Center, LLC$55,895
30Heal and Care Pediatrics$43,540
31Observation Medicine Specialists$43,365
32AK Bhattacharya LLC, M.D.$42,449
33Ronald Minzter PC, M.D.$39,511
34Allergy & Asthma Associates of Murray Hill, PC$39,158
35Robert Nardolillo$38,410
36Oakwood Dental ARTS, LLC.$38,068
37Caring Neurology, LLC$37,978
38Surgical Specialists of Central NJ, LLC$37,648
39Nu Smile Family Dentistry, LLC$36,694
40Midstate Rheumatology Center$36,319
41Central Jersey Neurology Associates, P. A.$35,975
42Center for Periodontal Health P. A.$33,933
43Melinda Blume & Leonard Eisner, D.D.S., D.D.S.$32,940
44Pathways Neuropsychology Associates$31,838
45Omni Behavioral Health Solutions, LLC$28,601
46Bogdan Surgery Center, PC$27,381
47Complete Care Pain and Palliative Center, PC$27,280
48Broban of N. J., Inc.$26,599
49Endocrinology Associates of Central New Jersey PA$23,761
50Rekha Gohel LLC, M.D.$22,566

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