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Waterloo Times

Monday, December 23, 2024

HHS provides $57.3 million to businesses in Waterloo under CARES Act

Genbusiness008

Through the fourth quarter of 2020, businesses in Waterloo received $57.3 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 Iowa received $1.1 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 State University of Iowa with a total of $62.3 million. The average loan size in the city was $795,702 while the state's average loan amount was $293,046.

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
1Covenant Medical Center, Inc.$26,444,420
2Allen Memorial Hospital Corporation$16,663,271
3Mercy Hospital of Franciscan Sisters, Inc.$3,909,483
4Unitypoint at Home$3,789,581
5Cedar Valley Medical Specialists, PC$1,475,148
6Sartori Memorial Hospital, Inc.$1,027,904
7Friendship Village, Inc.$621,750
8Cedar Valley Hospice, Inc.$502,577
9Exceptional Persons, Inc.$335,852
10Peoples Community Health Clinic, Inc.$326,679
11Benjamin R. Squires, PC, D.D.S.$317,503
12Kimball & Beecher C., P. L.$284,907
13Cedar Valley Community Support Services$210,725
14Pathways Behavioral Services, Inc.$113,321
15North Star Community Services, Inc.$109,426
16DR. Vandello Family Dentistry, P.C.$100,701
17Cedar Valley Oral Surgery, P.C.$98,554
18Annie M. Kontos, P.C.$84,545
19Black Hawk-Grundy Mental Health Center, Inc.$84,442
20Dermatology Associates, PC$83,114
21Northeast Iowa Medical Education Foundation, Inc.$74,913
22Nudak Ventures, LLC$67,125
23JVA Mobility, Inc.$47,673
24City of Waterloo$42,858
25Family Foot Healthcare, PLC$42,762
26Julian Unleashed, Inc.$41,735
27Iowa Eyecare Associates, P.C$41,452
28Matthew Smith$33,307
29Northern Iowa Cardiovascular and Thoracic Surgery Clinic, PC$28,729
30Physical Medicine & Rehab Associates of Northeast Iowa, Inc.$26,285
31Northeast Iowa Podiatry, PC$25,954
32Waterloo Visiting Nursing Association$25,057
33Panther Ventures, LLC$24,071
34Only Kids Dentistry, P.C.$22,597
35Carol Anne Halloran$15,617
36Olympic Dentistry, PLC$14,569
37Clinical Pathology Associates, PC$14,282
38Summit Chiropractic Centers, PC$14,210
39Lance E. Vanderloo DC, PC$9,172
40USPT Physical Therapy Limited Partnership$8,829
41Barnard Plastic Surgery, PC$8,626
42Paymun Bayati, P.C.$8,428
43Northern Iowa Pain Management, PC$8,087
44Therapy Place, Inc.$7,337
45Robert W. Fuelling, DC, PC$6,516
46Cedar Valley Sleep Center$5,529
47VGM Group, Inc.$5,213
48Kaila Egan PLLC, O.D.$4,438
49Greenwood Drug, Inc.$3,843
50Dennis Ohara$3,749

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