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Saturday, November 23, 2024

HHS provides $5.5 million to businesses in North Andover under CARES Act

Genbusiness007

Through the fourth quarter of 2020, businesses in North Andover received $5.5 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 $59,361 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
1140 Prescott Street Operations, LLC$872,438
21801 Turnpike Street Operations, LLC$870,357
3Edgewood Retirement Community, Inc.$764,879
4Life Choice Hospice of Southern Massachusetts, LLC$583,490
5Orthopaedics Northeast, P.C.$284,172
6New England Allergy Asthma Immunology & Primary Care, PC$180,502
7New England Ear Nose & Throat/facial Plastic Surgery, P.C.$165,411
8Pinnacle Medical Group, LLC$135,205
9Northeast Urologic Surgery, PC$130,522
10Andover Pediatrics, PC$85,620
11Anna Jaques Inpatient Specialists, PLLC$82,688
12Glick & Ritch Endo North Andover, PC$82,266
13Michael Grossman PC, M.D.$80,797
14Children's Medical Office of North Andover, PC$80,704
15Blissful Homecare, LLC$77,800
16Merrimack Valley Orthodontics, LLC$69,207
17Stoneham Pediatric Dental Associates, PC$65,912
18Foot Health Center of Merrimack Valley, PC$42,854
19Amlani-Patel, PC$42,103
20Merrimack Valley Pulmonary Associates, PC$39,118
21Access Primary Care, Inc.$37,923
22John O'Horo, PC, D.M.D.$37,076
23Leonard Orthodontics, LLC$35,900
24Ian M. Turner PC, D.D.S.$32,250
25John P Cogliano PC, D.M.D.$31,858
26Town of North Andover$30,107
27Sunit Mukherjee PC, M.D.$30,005
28Gary C. Demetriou, D.M.D.$29,602
29Patti a Richard, OD$26,895
303-D Dental, PC$26,833
31Pavilion Medical Home Care & Staffing, LLC$23,653
32Orthopaedic and Sports Medicine Specialists, Inc.$21,989
33Merrimack Valley Pain Management Associates, PC$20,586
34Mitchell J Wachtel PC, D.P.M.$20,346
35George P Chatson, PC, M.D.$20,000
36Rachelle Abou-Ezzi$19,020
37Ez Dental, LLC$18,614
38Merrimack Valley Cosmetic Dentistry$16,811
39Health Quality, Inc.$14,805
40Dental Health Solutions of North Andover, PC$13,858
41Daniel Callahan$13,704
42Patel, PC$12,839
43Wai Kee Lee PC, D.M.D.$12,606
44DR Brian H Yoon LLC, D.M.D.$12,277
45Off-Season Sports & Physical Therapy, Inc.$11,236
46Howard Zolot, D.M.D.$9,640
47Kids DR, PC$9,431
48Family & Cosmetic Dentistry of North Andover$8,674
49Zaheen Medical Center, LLC$8,535
50Bijan Sadrnoori PC, M.D.$8,166

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