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Ocean County Leader

Thursday, October 17, 2024

HHS provides $1.1 million to businesses in Barnegat under CARES Act

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Through the fourth quarter of 2020, businesses in Barnegat received $1.1 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 $71,620 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
1Barnegat Nursing & Rehab, LLC$817,495
2Metropolitan Med. Transportation, Inc.$119,553
3Barnegat Pharmacy, LLC$55,000
4Riptide Physical Therapy$52,611
5Theodore B Lygas F a C S PA, M.D.$40,954
6Spine & Sports Medicine of Barnegat, LLC$31,112
7Better at Home Medical Care Service, LLC$10,477
8William J. Campagnolo$4,151
9Barnegat Spinal and Physical Rehabilitation, LLC$3,531
10Glenn Provdo$3,082
11Mobile Anesthesia Service Concepts, LLC$2,268
12Michelle Holler$1,932
13Arminio Family Chiropractic$1,645
14Theraworks Physical Therapy and Rehabilitation, LLC$1,174
15912 West Bay, LLC$861
16Katie Davis$68

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