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Sunday, November 24, 2024

HHS provides $28.7 million to businesses in Lynwood under CARES Act

Genbusiness006

Through the fourth quarter of 2020, businesses in Lynwood received $28.7 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 $442,149 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
1St. Francis Medical Center$25,925,090
2Granada Post Acute Lp$668,529
3Agent Lynwood, LLC$605,378
4Vascular & Thoracic Associates of Los Angeles$182,397
5271141941$124,116
6Healthcare Investments II, LLC$121,181
7Barbour and Floyd Medical Associates$87,095
8Bloomfield West, Inc.$84,180
9St. Francis Radiology Medical Group$79,575
10Cardio Medical Consultants Group of Long Beach, Inc.$74,012
11Maternal Fetal Medicine Associates$69,343
12Meher F Tabatabai Inc., M.D.$50,735
13Renal Medical Associates$48,225
14Sehgal Medical Corporation$37,625
15Vihar Bhakta Dental Corporation$36,423
16Nijole Glaze$35,716
17Farid Pakravan Dental Corporation$31,357
18Dwight H. Smith, Inc., M.D.$26,146
19Constant K. S. Chan Inc., M.D.$24,435
20Cynthia Yvonne Lidy We Care More Family Clinic$24,167
21Zangiabadi a Professional Medical Corporation, M.D.$24,000
22Coral Oaks Care Living, Inc.$23,981
23Alina Zala, Inc.$23,871
24Joseph Michael Cafiero, D.P.M.$22,073
25L. A. Endocrine Care, a Professional Corporation, Inc.$18,861
26Brian M Lee Inc., M.D.$18,803
27Atlantic Avenue Medical Clinic$18,697
28Odette R. Tawadrous Medical Clinic, Inc.$17,657
29Arthur Edelstein$15,848
30Terence TZ. Tan, Inc., M.D.$15,157
31Gracie-Ann Dinkins Inc., M.D.$13,576
32Ricardo Mckenzie Inc., M.D.$12,980
33Beechwood Park, Inc.$12,516
34Adegbenga a Adetola M D, Inc.$12,352
35H Shammas Inc., M.D.$12,060
36ELM Park, Inc.$11,077
37Woodlawn Park, Inc.$11,035
38Michael B. Scott, Inc., M.D.$11,012
39Chafik Dakak, Inc., M.D.$10,387
40Raul Vallejo, Inc., D.D.S.$10,129
41Imperial Park, Inc.$10,105
42Manuel Zevallos$9,937
43Odette Tawadrous$8,978
44Hugh P. Fulmer, Inc., M.D.$8,377
45Ryan Spivak Integrative Plastic Surgery, Inc.$6,422
46Flaxie Fletcher$6,161
47Hugh Fulmer$5,841
48Stuart Wolf PC, M.D.$4,626
49We Care Family Medical Group$4,466
50Sylvia J Shaw a Medical Corporation, M.D.$4,192

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