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Thursday, October 17, 2024

HHS provides $5.9 million to businesses in Paterson under CARES Act

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Through the fourth quarter of 2020, businesses in Paterson received $5.9 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 $49,681 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
1Eva's Village, Inc.$728,577
2Barnert Subacute Rehabilitation Center, LLC$679,064
3Alden Leifer PC, M.D.$490,278
4Doctors Subacute Healthcare, LLC$452,476
5Sportsmed PT, LLC$332,126
6Holsman Physical Therapy and Rehabilitation, PC$275,304
7North Jersey Nephrology Association PA$179,589
8Great Falls Dialysis, LLC$167,937
9Excellent Home Health Care, Inc.$148,930
10Transportation Services Unlimited, Inc.$131,675
11Hospital Pharmacy$94,782
12Personal Touch Radiology, LLC$93,963
13Williams Drug, LLC$93,526
14Paterson Division of Health$90,979
15Rushin, Inc.$87,258
16RHK Pharmacy Management, LLC$81,766
17Paterson Drug, Inc.$81,194
18McDermott Drug Corp$78,570
19Turning Point, Inc.$77,545
20West Broadway Dental$76,598
21Shree Bhavini Pharmacy, Inc.$76,440
22Paterson Counseling Center, Inc.$74,921
23Wellcare Pharmacy, LLC$66,454
24Paterson Community Health Center, Inc.$59,949
25Park Ave Drugs, LLC$58,753
26Pradip a. Shah P. C., M.D.$55,999
27Blooming Pharmacy, LLC$54,405
28Hospitalist Medicine Physicians of New Jersey Paterson, PC$52,210
29Gamil Makar LLC, M.D.$51,655
30Opti Design, LLC$42,380
31Aji, Inc.$40,753
32All Garden State PT, LLC$39,424
33ICP2, LLC$38,532
34West Paterson Family Medical Center, PA$36,514
35Med Solutions, LLC$35,078
36Alpha Care Ambulance Corporation$32,567
37Medallion Behavioral Health, LLC$30,945
38Centro Medico Iberoamericano, Inc.$30,497
39M H Medical Center, LLC$28,333
40Donald J Pasquariello PA, D.M.D.$25,842
41NJ Pain & Spine, PC$22,431
42G & S Medical Associates, LLC$20,739
43David M Mayer, D.M.D.$18,289
444 Community Pharmacy$17,813
45Paterson Community Clinic, P. A$15,773
46Main Foot and Ankle, LLC$15,455
47Colfax Oncology, LLC$15,008
48Vital Plus Pharmacy, Inc.$14,949
49Nazmi Elrabie, mdpa$14,135
50Dr. Michael E. Fusaro$13,754

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