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Friday, November 1, 2024

HHS provides $2.6 million to businesses in Fostoria under CARES Act

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Through the fourth quarter of 2020, businesses in Fostoria received $2.6 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 Ohio received $3.8 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 The Cleveland Clinic Foundation with a total of $243.2 million. The average loan size in the city was $172,161 while the state's average loan amount was $290,521.

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.

All PPP loan recipients
RankBusinessDollar Amount Received
1Blanchard Valley Continuing Care Services$1,425,143
2Good Shepherd Home$919,564
3Findley Kidney & Hypertension Center, LLC$66,211
4Tri-County Dental Center, LLC$48,762
5Senior Care Physicians, Inc.$39,978
6Oral and Facial Surgery ; DR. Bradley a. Gregory, Inc.$26,936
7Fostoria City Office of Auditor$14,300
8Wolph Chiropractic, Inc.$10,101
9Tim Beidelschies$6,957
10Fostoria Eyecare, Inc.$6,458
11Tri-County Foot and Ankle Center, Inc.$6,452
12David Bettenhausen$5,130
13Thomas W Meade LLC, OD$2,916
14Steven Lehmann$2,412
15Govardhanarao Korrapati$1,094

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