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Cape Cod Ledger

Friday, November 1, 2024

HHS provides $6 million to businesses in Nantucket under CARES Act

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Through the fourth quarter of 2020, businesses in Nantucket received $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 Massachusetts received $3.2 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 General Hospital Corporation with a total of $201.5 million. The average loan size in the city was $373,660 while the state's average loan amount was $298,882.

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
1Nantucket Cottage Hospital$5,386,877
2Town of Nantucket$307,546
3The Residences of Sherburne Commons, Inc.$151,480
4Ackeye, LLC$31,765
5Nantucket Physicians Organization$20,854
6Timothy Lepore$20,784
7ACK Dental ART, Inc.$16,840
8Nantucket Dermatology, LLC$14,686
9Manning and Associates, LLC$13,346
10Jessica N Torre PC, D.D.S.$9,297
11Nantucket Anesthesia Associates, PC$2,523
12Island Chiropractic, Inc.$1,070
13Lia Humphrey$672
14Nantucket Family Chiropractic, PC$537
15Nantucket Island Drug Corp$225
16DB Pharmacy, Inc.$50

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