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Rockingham Times

Friday, November 22, 2024

HHS provides $263,379 to businesses in Newmarket under CARES Act

Genbusiness006

Through the fourth quarter of 2020, businesses in Newmarket received $263,379 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 New Hampshire received $401 million 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 Mary Hitchcock Memorial Hospital with a total of $73.5 million. The average loan size in the city was $37,626 while the state's average loan amount was $222,926.

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
1Lamprey Health Care, Inc.$196,549
2Timothy J Goslee PLLC, D.M.D.$27,209
3Nathan a Swanson, LLC, D.D.S.$20,472
4Mona Feng$10,062
5Town of Newmarket$8,338
6Cole Chiropractic and Wellness$724
7Marci Morris$25

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