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Saturday, September 21, 2024

HHS provides $1.5 million to businesses in Revere under CARES Act

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Through the fourth quarter of 2020, businesses in Revere received $1.5 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 $52,966 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.

All PPP loan recipients
RankBusinessDollar Amount Received
1Lighthouse of Revere, Inc.$811,778
2My Dental Revere, PC$115,359
3Revere ADHC, LLC$75,843
4DR Kuldip Vaid PC, M.D.$58,551
5Best Choice Adult Day Health Care, Inc.$57,747
6Boschetti Dental, PC$44,372
7Page Family Dental, LLC$42,029
8TLC Pediatrics, PC$41,263
9Boston Home Care, LLC$35,324
10Annese LLC, D.M.D.$31,440
11Becker, Becker & Silvius$24,318
12DR. Dental of Revere, PC$22,385
13Cummings Physical Therapy, Inc.$20,017
14Benecchi Dental Group$18,770
15Jinhyung CHO PC, D.M.D.$17,266
16Seaside Pharmacy, Inc.$12,000
17Olufemi a. Oguntolu, PC, D.M.D.$11,799
18Broadway Physical Therapy, Inc.$11,774
19Smile Dental, PC$9,518
20Revere Dentistry and Braces, LLC$7,649
21Janis Cotter$7,643
22Edgar Mullin$3,414
23Essential Chiropractic Care, LLC$1,665
24Client Care Solutions, Inc.$678
25Dianna Iandolo$218
26Robert S Almeida DC, Inc.$151
27Edward M.D. Eramo$63
28City of Revere$22

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