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Mercer Times

Wednesday, December 25, 2024

HHS provides $1.6 million to businesses in Hamilton Square under CARES Act

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Through the fourth quarter of 2020, businesses in Hamilton Square received $1.6 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 $93,976 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.

All PPP loan recipients
RankBusinessDollar Amount Received
13 Hamilton Health Place Operating Company, LLC$644,472
2Hamilton Dental Associates$346,048
3Daniel S. Kessel PC, M.D.$170,832
4Campus Eye Group, LLC$107,156
5Campus Eye Group ASC, Inc.$103,022
6YUE Wang, LLC, M.D.$69,104
7Eyecare Professionals, PC$59,378
8Robert a. Frascella PC, D.D.S.$22,040
9Massimo V. Verduci, MS, LLC, D.M.D.$17,437
10Dr. James C. Ricketti$15,764
11Hamilton Pulmonary and Critical Care Associates, P.C.$13,014
12Physical Therapy Associates of Mercer County, Inc.$12,163
13Rabito Chiropractic Office PA$6,824
14Back Care Professionals, LLC$3,720
15Karl Natriello$3,656
16William a Foote PA, D.P.M.$2,104
17Sharon Manto$857

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