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Richmond Leader

Saturday, September 28, 2024

HHS provides $220.1 million to businesses in Richmond under CARES Act

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Through the fourth quarter of 2020, businesses in Richmond received $220.1 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 Virginia received $1.7 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 Inova Health Care Services with a total of $187.5 million. The average loan size in the city was $445,503 while the state's average loan amount was $198,948.

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
1Virginia Commonwealth University Health System Authority$50,272,824
2Bon Secours St. Marys Hospital of Richmond, Inc.$24,379,507
3Maryview Hospital$19,991,041
4Bon Secours Memorial Regional Medical Center, Inc.$18,354,299
5Our Lady of Bellefonte Hospital, Inc.$11,620,554
6Bon Secours St. Francis Medical Center, Inc.$10,462,269
7Bon Secours Depaul Medical Center, Inc.$8,597,293
8MCV Associated Physicians$7,147,700
9Chesapeake Hospital Corporation$4,783,036
10Virginia Cancer Institute Incorporated$4,672,712
11Bon Secours-Richmond Community Hospital Incorporated$4,076,433
12Mary Immaculate Hospital$3,690,732
13St. Francis Physician Services, Inc.$3,246,566
14Bon Secours Maria Manor Nursing Care Center, Inc.$1,682,017
15Eye Surgeons of Richmond, Inc.$1,669,262
16Westminster Canterbury of Richmond$1,660,959
17Virginia Urology Center$1,617,601
18Retina Institute of Virginia, PLLC$1,493,896
19Sitterbarfoot Veterans Care Center$1,453,624
20Virginia Cardiovascular Specialists$1,248,734
21Bon Secours Home Care, LLC$1,168,558
22Westport Operations, LLC$1,133,243
23Envoy of Forest Hills, LLC$1,088,396
24Amber Enterprises, Inc.$1,062,375
25Envoy of Richmond, LLC$1,020,696
26Lakewood Manor Baptist Retirement Community$993,420
27The Laurels of University Park, LLC$972,177
28Soar 365$940,485
29Crippled Children's Hospital$877,442
30Intercept Youth Services, Inc.$851,946
31Vibra Hospital of Richmond, LLC$842,198
32Bon Secours Maryview Nursing Care Center$776,011
33Medical Imaging of Lehigh Valley, PC$766,295
34Stony Point Surgery Center, L.L.C$724,361
35CPC Dys Holding Company, Inc.$706,321
36Premier Healthcare Associates, Inc.$694,765
37Beth Sholom Home of Virginia$670,567
38Commonwealth Primary Care$649,509
39Mary Immaculate Nursing Center, Inc.$628,703
40Our Lady of Hope Health Center, Inc.$591,488
41West END Operations, LLC$589,251
42The Virginia Home$573,500
43Good Neighbor Holdings, LLC$541,972
44Bellefonte Physician Services, Inc.$540,825
45Vascular Surgery Associates of Richmond, PC$538,832
46Angels on Earth Home Care & Transportati$528,100
47Gastrointestinal Specialists, Inc.$478,504
48Tuckahoe Orthopaedic Associates, Ltd.$477,322
49Commonwealth Radiology, P.C.$473,664
50The New Y-Capp, Inc.$463,587

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