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Tuesday, December 24, 2024

HHS provides $13.3 million to businesses in Princeton under CARES Act

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Through the fourth quarter of 2020, businesses in Princeton received $13.3 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 $88,606 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
1Community Options, Inc.$3,518,949
2Princeton Medical Group, P. A.$1,260,979
31000 3000 5000 Windrows Drive Operating Company, LLC$1,092,997
4Princeton Eye Group, P. A.$1,001,108
5Princeton Orthopaedic Associates II PA$894,691
6Princeton Nursing Home &rehabilitation Center, Inc.$762,992
7Princeton Nassau Pediatrics P.A.$577,739
8Community Options New York, Inc.$489,821
9Eden Autism Services, Inc.$443,267
10Lingraphicare America, Inc.$400,388
11Community Options Enterprises, Inc.$325,262
12Princeton Spine and Joint Center$206,158
13Princeton Dermatology Associatespc$202,599
14Lekha Tull$130,436
15Acorn Glen Assisted Living, Inc.$106,488
16Princeton Dental Group$102,861
17Princeton Child Development Institute$98,483
18Hypertension and Nephrology Specialists, LLC$88,328
19Urology Group of Princeton PA$80,623
20Elena Altshuler, Inc.$70,460
21Cardiology Associates of Princeton PA$67,081
22Central Jersey Medicine and Geriatrics, LLC$51,027
23Garden State Physicians, P.C.$49,993
24Princeton Park Dental Associates, PA$48,459
25Central Jersey Newborn Care$48,264
26Hyungsoo Kim, P. C., D.M.D.$46,523
27Prosthodontics of Princeton$45,675
28Princeton Gastroenterology Association$44,803
29Eye Care Associates of Princeton$44,359
30Association for Advancement of Mental Health$44,148
31Endocrinology Associates of Princeton, LLC$41,723
32HVR Enterprises$39,354
33Princeton-Flemington Eye Institute, Inc.$38,240
34Princeton Endocrinology Associates, LLC$36,173
35Princeton Endoscopy Center, LLC$34,098
36Prime Dental Care, LLC$31,471
37The Princeton Center for Dermatology, LLC$31,418
38Montgomery Pediatric Dentistry$31,024
39Payam Hanian, D.M.D.$30,172
40Kenneth Daniels PC, OD$30,044
41Princeton Orthodontics of Princeton$28,559
42Sidney Goldfarb$28,087
43David R Barile LLC, M.D.$27,862
44Li Chen Dental, LLC$26,341
45Princeton Endodontics, LLC$25,145
46Princeton Periodontics & Implants, LLC$25,051
47Midwest Neuromonitoring Associates, PLLC$24,632
48Princeton First Aid and Rescue Squad, Inc.$22,499
49Syed S. Ahmad PA, M.D.$21,323
50Thomas Leach$19,588

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