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Saturday, November 23, 2024

HHS provides $2.9 million to businesses in Beverly Hills under CARES Act

Genbusiness006

Through the fourth quarter of 2020, businesses in Beverly Hills received $2.9 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 Florida received $4.2 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 South Broward Hospital District with a total of $183.2 million. The average loan size in the city was $190,285 while the state's average loan amount was $152,608.

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 Florida Medical Associates, P. A.$2,551,304
2Nature Coast Orthopaedics & Sports Medicine Clinic, PA$91,819
3Nature Coast Geriatric Services, LLC$32,925
4Murali M Angirekula PA, M.D.$31,439
5NKM786$29,652
6John W Royalty PA, D.O.$22,505
7Beverly Hills Foot and Ankle PA$21,992
8Newcomer Eyecare P.A. II$21,242
9Alexander O. Liu, JR., P. A., M.D.$14,953
10First Physicians of FL, Inc.$14,344
11Jeremy Havas$11,820
12Rose Bascos$3,969
13A Liu PLLC, M.D.$3,049
14Maa Bhawani, Inc.$2,995
15Jan's Optical Shop of Beverly Hills, L LC$274

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