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Wednesday, October 16, 2024

HHS provides $5.3 million to businesses in Oak Grove under CARES Act

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Through the fourth quarter of 2020, businesses in Oak Grove received $5.3 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 Louisiana received $2.1 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 Ochsner Clinic Foundation with a total of $139.4 million. The average loan size in the city was $350,781 while the state's average loan amount was $320,728.

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
1West Carroll Health Systems, LLC$4,070,907
2Carroll Nursing Home$609,278
3West Carroll Care Center, Inc.$471,291
4Perkins Family Pharmacy, LLC$46,404
5West Carroll Parish Ambulance Service District$25,758
6West Carroll Home Care, L.L.C.$16,936
7Mer Rouge Family Pharmacy, LLC$9,339
8Fakhre Fakhre$3,086
9Abiodun Kuku$2,172
10Turner Rexall 1136, LLC$2,156
11Thomas Williams$1,762
12Christopher Domingue$1,202
13George Fakhre$960
14Noli Guinigundo$295
15Stephanie Sadick$169

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