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Saturday, November 23, 2024

HHS provides $12.3 million to businesses in Peabody under CARES Act

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Through the fourth quarter of 2020, businesses in Peabody received $12.3 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 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 $139,296 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
1Brooksby Village, Inc.$2,000,700
2Bridgewell, Inc.$1,418,079
3Jewish Rehabilitation Center for Aged of the North Shore, Inc.$1,194,125
4Peabody Management Systems, Inc.$1,054,565
5Congenial Healthcare, LLC$950,648
6199 Andover Street Operating Company, LLC$918,353
7Alliance Health of Massachusetts, Inc.$871,952
8Sports Medicine North Orthopaedic Surgery, Inc.$734,472
9Pediatric Health Care Associates$525,810
10Microsurgical Eye Consultants$496,071
11Stuart G Merle and Alan Zicherman D.D.S., PC, D.M.D.$470,096
12Orthopedics Surgical Center of the North Shore, LLC$206,376
13New England Orthopedic Specialists, LLC$149,978
14Arthritis Associates, Inc.$128,465
15Essex Neurological Associates, P.C.$110,590
16John a. Pavlo PC, D.M.D.$92,655
17Peabody Podiatry, LLC$69,268
18Renin Associates, P.C.$67,667
19Back on Track Chiropractic, LLC$54,892
20Internal Medicine Physicians of the North Shore$54,764
21Apex Health, LLC$47,180
22New England Pain Care, Inc.$46,431
23Pain and Wellness Center$46,135
24Frank T Varinos PC, D.M.D.$42,260
25Surrimassini, Inc.$40,184
26North Shore Gynecology, P.C.$35,701
27Jan Urkevic$29,860
28Emad Younan PC, M.D.$26,053
29DR. Danny Levy PC, D.D.S.$25,373
30Vicki H ZHU, D.M.D.$25,199
31DR Shahram Navid PC, D.M.D.$22,277
32Eye Exams, LLC$22,021
33Advanced Endodontic Associates, PC$20,221
34Josephine C Pandolfo, PC, D.M.D.$18,638
35Michael L. Eidelman$16,805
36Century Medical, PC$15,659
37Northside Dental Care$15,373
38Hiam Elias, PC, D.M.D.$13,724
39Dermatology Associates of the Northshore, Inc.$13,008
40Hornedo's Enterprise, Inc.$11,034
41Spiro Saati, D.M.D.$9,901
42Precision Vision, Inc.$9,828
43St. Marys Internal Medicine, PC$9,524
44Karen P Szczechowicz, PC, M.D.$9,160
45Ronald Killiany$9,121
46Massachusetts Dental Arts$8,669
47Peabody Dental Spa, PLLC$8,013
48ABC Dental Pediatric Dentistry, PC$7,094
49Northeast Senior Options, LLC$6,766
50Massbay Home Care, Inc.$6,617

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