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Friday, November 22, 2024

HHS provides $42.1 million to businesses in Framingham under CARES Act

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Through the fourth quarter of 2020, businesses in Framingham received $42.1 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 Massachusetts received $3.2 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 The General Hospital Corporation with a total of $201.5 million. The average loan size in the city was $258,573 while the state's average loan amount was $298,882.

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
1VHS Acquisition Subsidiary Number 9, Inc.$26,070,710
2St. Patrick's Manor, Inc.$2,124,720
3Advocates, Inc.$1,877,711
4Healthdrive Podiatry Group, PC$1,343,578
5Jeffrey L. Morer, PC, OD$1,125,679
6Mary Ann Morse Healthcare Corporation$969,255
7Alec H. Jaret, PC, D.M.D.$874,683
8Arbetter Corporation$841,909
9Bentley Casa DE Ramana, LLC$693,981
10Bethany Health Care Center, Inc.$686,868
11New England Family Dentistry, PC$462,492
12Metrowest Ear Nose and Throat Associates$458,441
13We Care, Inc., D.O.$388,756
14Mobile Audiology Associates, PC$361,911
15Heart Center of Metrowest, Inc.$256,170
16H. Robert Nagel; David a. Cutrell, D.D.S.$207,268
17Healthdrive Behavioral Health Services, PLLC$188,524
18Carmel Terrace, Inc.$180,008
19Walnut Dental Group$173,314
20New Horizons Medical, Inc.$169,744
21Greater Boston Gastroenterology, PC$169,176
22Metrowest Radiology Associates, Inc.$145,929
23Wec Health, LLC$136,444
24South Middlesex Opportunity Council$129,859
25Healthdrive Podiatry Group, PA$126,269
26Framingham Pediatrics, PC$116,067
27New England Hand Associates, PC$109,755
28DRX Natick, PC$81,290
29JNL Dental One, PC$70,604
30Pet-CT Services by Tufts Medical Center and Shields, LLC$69,159
31Metrowest Pharmacy, LLC$56,881
32Metrowest Pathology Associates$56,821
33Cushing & Rabinovitz, P.C.$55,299
34Mark Fried, D.M.D.$54,164
35Adult Behavioral Services, LLC$52,457
36Grace Dental, PC$47,908
37Stephen S Raisman PC, D.M.D.$47,077
38Sham, tang and Tam, P.C.$47,047
39New England Consultants in Gastroenterolgy and Hepatology$44,251
40Periodontal Associates, Inc.$43,356
41KD Operating, LLC$41,067
42Alec H. Jaret, PA, D.M.D.$39,901
43Sawan and Sawan PC, D.M.D.$38,562
44Complete Pain Care$37,607
45Framingham Dental Group, PC$36,618
46Dentusa, PC$33,972
47Eye Center, LLC$33,662
48Unique Dental of Framingham, LLC$30,407
49Paul J. Hubley PC, D.M.D.$30,386
50Gbgastro, LLC$28,883

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