Quantcast

Northwoods Reporter

Friday, November 22, 2024

HHS provides $578,187 to businesses in Ladysmith under CARES Act

Genbusiness006

Through the fourth quarter of 2020, businesses in Ladysmith received $578,187 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 Wisconsin received $1.5 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 Aurora Health Care Metro, Inc. with a total of $64 million. The average loan size in the city was $52,562 while the state's average loan amount was $283,863.

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
1Ladysmith Nursing Home, Inc.$244,647
2Ladysmith Living Center, Inc.$182,270
3Legacy Senior Living Center, Inc.$64,475
4Donohue Chiropractic, Ltd.$25,826
5Lake Manor, LLC.$20,322
6Imperium Chiropractic Sc$18,170
7Westlake Enterprises, Inc.$9,902
8Ladysmith Adult Day Services, LLC$6,887
9Erik a Ostenso, OD$2,494
10Rusk County Pharmacy, Inc.$1,780
11Offering Hope Therapies, Inc.$1,414

MORE NEWS