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Union County Review

Thursday, October 17, 2024

HHS provides $8.9 million to businesses in Mountainside under CARES Act

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Through the fourth quarter of 2020, businesses in Mountainside received $8.9 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 $468,349 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
1Children's Specialized Hospital$8,348,613
2The Gastro Surgi Center of New Jersey$206,084
3Families and Community Together$129,344
4The Heart Specialists Group, LLC$113,008
5Drake & Presti Enterprise Surgical Associates, LLC$43,876
6Michael Liberto, D.D.S.$22,598
7Mountainside Wellness, LLC$9,299
8L&M Dental, LLC$7,356
9Lisa Ellman-Grunther$4,962
10Robert a Wortzel, LLC, D.M.D.$4,886
11Mountainside Rescue Squad Borough of Mountainside NJ$4,137
12Jumana Chalabi PC, M.D.$1,591
13Theodore Biniaris$799
14Maryann Huhn-Werner, LLC, M.D.$762
15Elynne B Margulis LLC, M.D.$596
16APN Home Care of NJ, LLC$370
17Lisa Sturm$293
18Lauren Bernstein$26
19Tamara Futran$24

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