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Thursday, October 17, 2024

HHS provides $37.6 million to businesses in Passaic under CARES Act

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Through the fourth quarter of 2020, businesses in Passaic received $37.6 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 $500,934 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
1Prime Healthcare Services St. Mary's Passaic, LLC$33,966,405
2Chestnut Hill Convalescent & Rehabilitation Center$812,514
3Complete Care at Hamilton, LLC$731,155
4Passaic Pediatrics Pa II$398,298
5Passaic Community Pharmacy, Inc.$217,837
6Senior Care Therapy, LLC$176,334
7New Jersey Vision Associates, P.C.$148,050
8Stern at Home Physical Therapy, PC$144,011
9New Lucys Pharamcy, Inc.$129,609
10Alekya Corp$91,444
11Passaic Pediatrics Pa$80,202
12Med Care of Fairfield, Inc.$79,990
13Center for Adult Medicine and Preventive Care, PC$48,544
14Natalie Velazquez, OD$45,568
15Garden State Eye Group, Inc.$38,545
16Stanley Szwed$38,471
17Passaic Medical Care, Inc.$28,828
18Value Pharmacy & Surgical, Inc.$28,723
19Pennington Radiology Associates, LLC$27,507
20Kindcare Pediatric Center$26,588
21Lodespoto Medical of NJ, LLC$22,914
22Beneficial Medical Supply$19,260
23Passaic Dental Associates, LLC$19,076
24Intensive Care Medicine Management Associates, LLC$17,800
25Winfield Medical Eye Center, PA$17,303
26Main Passaic Pharmacy$17,295
27Jewish Family Service & Childrens Center of Clifton-Passaic, Inc.$17,156
28Door Into the Future, Inc.$16,475
29Dental Plaza Pa$15,400
30Broadway Family Dental, LLC$13,221
31Demuro & Associates, LLC$12,831
32Children's Dentistry of Passaic, LLC$11,244
33Center for Med Care, PC$10,845
34Pourang Bral, LLC, D.D.S.$8,244
35Krzysztof Tunia Limited Liability Company, M.D.$6,516
36Northeastern Foot & Ankle Specialists, PC$6,401
37Sheue Lee$6,345
38Diego Morillo$5,824
39Optimum Pri-Med Care PA$5,606
40Foot and Ankle Care of Passaic, LLC$4,754
41Carlos Sacristan, LLC, M.D.$4,527
42Nutrition RS, LLC$4,315
43Senior Care Therapy of Pennsylvania, LLC$4,135
44Rivas Medical Supplies, LLC$3,696
45Elensa Family Healthcare, LLC$3,534
46Rosa Calderon Services$3,445
47Steven Schiff$3,177
48Integral Healthcare, LLC$2,756
49Nirali Borad$2,702
50Shira Freudenberger$2,700

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