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Friday, November 22, 2024

HHS provides $120.3 million to businesses in Portland under CARES Act

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Through the fourth quarter of 2020, businesses in Portland received $120.3 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 Maine received $489.3 million 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 Mainehealth with a total of $94.8 million. The average loan size in the city was $559,381 while the state's average loan amount was $242,474.

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
1Mainehealth$94,802,568
2Mercy Hospital$9,377,456
3Maine Medical Partners$5,155,244
4City of Portland$1,349,801
5Spurwink Services Incorporated$1,163,114
6Catholic Charities Maine$1,129,045
7Maine Eye Center PA$897,652
8Eyecare Medical Group$888,978
9St. Josephs Rehabilitation & Residence$775,285
10Cedars Nursing Care Center, Inc.$773,125
11Portland Community Health Center$469,334
12Dermatology Associates, LLC$338,429
13Eyes on Rosemont, LLC$333,941
14Portland Gastroenterology Associates PA$207,752
15Casco Bay Eyecare, LLC$159,031
16Home for the Aged$128,864
17Gentle Family Dentistry, LLC$116,898
18Peregrine Corporation$112,034
19JHA Assisted Living, Inc.$99,203
20Black Bear Medical, Inc.$91,755
21Gentle Dental, PC$84,829
22Gateway Community Services, LLC$83,764
23Endodontic Associates PA$82,599
24Fallbrook Residential Care Facility, Inc.$78,154
25Stegemann & Shuman Orthodontics PA$72,930
26Portland Endoscopy Center$72,575
27Portland North Dental Associates, P. A.$67,849
28Ankle and Foot Associates, P.C$66,292
29Allergy & Asthma Association of Maine$65,653
30Oakes Dental II, LLC$59,940
31Radiology Professionals, PA$59,828
32Michael Bufo LLC, D.M.D.$58,038
33Mark R. Hammond Associates$52,650
34Southern Maine Pediatric Dentistry, LLC$52,517
35Oakes, LLC$52,194
36Juno Dental, LLC$49,556
37Restorative and Aesthetic Dental Associates, PA$45,305
38Village Square Housing Corporation$41,394
39Prosthodontics Associates, P. A.$38,717
40Physical and Functional Medicine Incorporated$37,081
41Affinity$35,376
42Atlantic Prosthetic and Orthotic Services$34,223
43Regan and Russell, LLC$31,871
44Advanced Vein Center, LLC$30,225
45Katherine Kessler$29,188
46Rehabilitation Associates$29,135
47Portland Foot & Ankle, PA$24,618
48Advanced Dentistry of Maine, LLC$24,585
49Kathryn L Horutz, D.M.D.$24,313
50The Dental Loft$23,919

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