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Union County Review

Thursday, October 17, 2024

HHS provides $443,263 to businesses in Roselle Park under CARES Act

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Through the fourth quarter of 2020, businesses in Roselle Park received $443,263 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 $18,469 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
1West Scharf Conte Bastianelli PA$69,277
2Lifetime Smiles, LLC$69,218
3Amy Phillips LLC, D.M.D.$37,047
4Nicola W Cicchetti, LLC, D.M.D.$35,965
5Lawrence a Dobrin, PA, D.M.D.$29,498
6Complete Cardiovascular Care, LLC$24,567
7DR. Richard Altman, D.D.S.$21,020
8Associates in Podiatry PA$20,993
9Nicholas C Maglaras LLP, M.D.$18,519
10DR. Ricardo E. Rodriguez, P. A., M.D.$16,104
11Center for Vascular Disorders, PA$13,871
12Thomas G. Santora, D.M.D.$13,611
13Matos Orthodontics, Inc.$13,547
14Elizabeth Endodontics$12,506
15DR. Matos's Growing Smiles PA$12,129
16P & C Medical Group, LLC.$8,313
17Internal Medicine Associates of Elizabeth, LLC$6,846
18Michael H Friedman, M.D.$5,889
19Park Pediatrics$4,916
20Ana Medical Associates, LLC$4,000
21Strength Physical Therapy, LLC$3,783
22Richard Glass$1,069
23200 Chestnut St., LLC$295
24Innovation Optics$280

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