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Kokomo Standard

Wednesday, October 16, 2024

HHS provides $19.3 million to businesses in Logansport under CARES Act

Genbusiness006

Through the fourth quarter of 2020, businesses in Logansport received $19.3 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 Indiana received $1.9 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 Reid Hospital & Health Care Services, Inc. with a total of $58.5 million. The average loan size in the city was $1.3 million while the state's average loan amount was $352,160.

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
1Memorial Hospital$14,678,345
2Four County Comprehensive Mental Health Center, Inc.$3,567,520
3RCG Indiana, LLC$737,069
4Peak Community Services, Inc.$101,584
5Twin Rivers Medical Laboratory, Inc.$35,622
6Curtis Kesling$33,835
7Northcentral Indiana Sports Medicine Center$31,664
8Servant's Heart Services$28,936
9DRS Price & Shepler Family Eye Care, LLC$16,530
10Lewis Family Dentistry, LLC$16,480
11Dianne J Brown, OD$11,656
12Gregory Densborn$3,441
13Douglas Jennings, Inc.$3,039
14Back Acres, Inc.$1,480
15Kenneth E. Lawrence$1,200

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