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Monday, November 25, 2024

HHS provides $869.4 million to businesses in Los Angeles under CARES Act

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Through the fourth quarter of 2020, businesses in Los Angeles received $869.4 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 California received $8.6 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 County of Los Angeles with a total of $315.4 million. The average loan size in the city was $307,102 while the state's average loan amount was $175,782.

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.

50 largest PPP loan recipients
RankBusinessDollar Amount Received
1Children's Hospital Los Angeles$124,114,588
2Cedars-Sinai Medical Center$111,409,767
3University of Southern California$90,531,100
4Regents University of California Los Angeles$72,344,440
5Good Samaritan Hospital$67,429,614
6LA Downtown Medical Center, LLC$24,885,439
7The Regents of the University of California$24,494,410
8White Memorial Medical Center$23,376,551
9CHA Hollywood Medical Center LP$22,747,858
10Prospect Waterbury, Inc.$21,153,492
11Martin Luther King -Los Angeles Mlk-La Healthcare Corporation Jr.$17,957,956
12Southern California Healthcare System, Inc.$16,346,737
13Alta Los Angeles Hospitals, Inc.$13,670,050
14Prospect Manchester Hospital, Inc.$13,557,994
15Altamed Health Services$13,247,853
16Olympia Health Care, LLC$7,989,883
17University Healthcare Alliance$7,636,750
18USC Care Medical Group, Inc.$6,670,918
19Eladh LP$5,264,246
20California Rehabilitation Institute, LLC$4,062,891
21Childrens Hospital Los Angeles Medical Group, Inc.$3,529,064
22Barlow Respiratory Hospital$3,044,037
23The Rehabilitation Centre of Beverly Hills$2,127,167
24University of Utah Pediatric Services$2,111,474
25RRT Enterprises LP$2,072,921
26Country Villa East, L. P.$2,031,390
27Success Healthcare 1, LLC$1,905,325
28Prospect Rockville Hospital, Inc.$1,567,756
29Alta Newport Hospital, Inc.$1,542,900
30General Anesthesia Specialists Partnership Medical Group$1,445,027
31Alden Enterprises, Inc.$1,421,629
32Pokroy Medical Group of Nevada, Ltd.$1,398,478
33Care for the Elderly, Inc.$1,331,964
34Longwood Enterprises, Inc.$1,305,431
35Abacus Business Corporation Group, Inc.$1,298,924
36St. John of God Retirement and Care Center$1,219,168
37Mid-Wilshire Health Care Center$1,193,636
38Vermont Healthcare Center, LLC$1,168,947
39Center for Advanced Cardiac and Vascular Interventions$1,157,518
40Corona Post Acute, LLC$1,142,189
41St. John's Well Child and Family Center, Inc.$1,138,248
42Skilled Facility Health Care Solutions, Inc.$1,121,273
43UNLV Medicine$1,111,000
44United Medical Imaging Healthcare, Inc.$1,105,265
45Alexandria Care Center, LLC$1,094,143
46LA Brea Rehabilitation Center, LLC$1,086,477
47Inland Medical Enterprises, Inc.$1,054,345
48Lighthouse Healthcare Center, LLC$1,008,874
49Country Villa South Bay, LLC$1,000,247
50Country Villa Nursing Center, Inc.$994,225

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