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Sarasota Review

Friday, November 1, 2024

HHS provides $99.3 million to businesses in Sarasota under CARES Act

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Through the fourth quarter of 2020, businesses in Sarasota received $99.3 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 Florida received $4.2 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 South Broward Hospital District with a total of $183.2 million. The average loan size in the city was $141,996 while the state's average loan amount was $152,608.

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
1Sarasota Memorial Hospital$32,063,310
2Verus Healthcare, LLC$3,351,673
3Intercoastal Medical Group, Inc.$2,998,100
4SMH Physician Services, Inc.$1,911,497
5Pines of Sarasota Healthcare, LLC$1,357,212
6Center for Sight, PL$1,342,040
7Florida Digestive Health Specialists, LLP$1,295,988
8Florida Medical Specialists, LLC$1,280,323
9Palm Garden of Gainesville, LLC$1,238,168
10Palm Garden of Vero Beach, LLC$1,122,410
11Palm Garden of Ocala, LLC$1,054,505
12Palm Garden of Largo, LLC$1,039,971
13Sarasota SNF Operations, LLC$1,027,183
145 Star Home Health Services, Inc.$1,018,730
15Palm Garden of West Palm Beach, LLC$962,341
16Dental Associates of Northern Virginia, PLLC$959,459
17Bay Village of Sarasota, Inc.$944,547
18Fi-Waldemere, LLC$921,516
19Palm Garden of Clearwater, LLC$911,597
20Palm Garden of Port St. Lucie, LLC$898,132
21Kennedy White & Riggs Orthopedic Associates$897,344
22Palm Garden of Orlando, LLC$851,768
23Palm Garden of Tampa, LLC$849,193
24Lake Pointe Investors, LLC$834,879
25741 South Beneva Road Operations, LLC$834,391
26Palm Garden of Sun City Center, LLC$813,787
27Palm Garden of Aventura, LLC$793,562
281507 South Tuttle Avenue Operations, LLC$764,875
29Sarasota Bay Rehabilitation Center, LLC$762,328
30Freedom Plaza Operating Company, LLC$759,524
31Palm Garden of Pinellas, LLC$699,730
32New Lifecare Hospitals of Sarasota, LLC$693,941
33Trilogy Home Healthcare of SW FL, Inc.$680,674
34Palm Garden of Jacksonville, LLC$674,182
35Palm Garden of Winter Haven, LLC$663,259
36HNI Medical Services of Florida, LLC$611,238
37Sarasota Manatee Jewish Housing Council, Inc.$601,305
38Plymouth Harbor, Inc.$594,322
39Gulf Coast Health Care, Inc.$550,740
40Brea Palmer Ranch, LLC$539,913
41Gelbart and Kesselman Dentistry, P.C.$538,197
42Sarasota Facility Operations, LLC$521,013
43Sunnyside Properties of Sarasota, Inc.$515,871
44Global Physician Network Series I, LLC$513,143
45Infectious Diseases Associates PA$509,933
46Sarasota County Board of County Commissioners$493,517
47The Glenridge on Palmer Ranch, Inc.$435,782
48Laser & Surgical Services at Center for Sight, LLC$419,983
49Vascular Associates of Sarasota$387,684
50Baystate Dental Practice, LLC$386,418

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