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Wednesday, October 9, 2024

HHS provides $2.4 million to businesses in Paramount under CARES Act

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Through the fourth quarter of 2020, businesses in Paramount received $2.4 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 California received $8.6 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 County of Los Angeles with a total of $315.4 million. The average loan size in the city was $42,548 while the state's average loan amount was $175,782.

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
1Paramount Meadows Nursing Center LP$921,593
2Paramount Convalescent Group, Inc.$592,233
3Michael J Lugtu Inc., D.D.S.$87,932
4Nurses on Wheels, Inc.$86,371
5Jung Wook Byun, Inc., D.D.S.$78,806
6Para Latino Medical Center, Inc.$74,751
7Medical Group of Paramount, Inc.$64,012
8Samira Mehrizi$47,697
9Rescue One Ambulance Corporation$42,496
10Manuel F. Mendoza, Inc., M.D.$40,513
11C Raghunathan Inc., M.D.$39,180
12Mark Lee Inc., M.D.$30,294
13Community Medicine, Inc.$30,080
14Mohammad Riaz, Inc., M.D.$18,670
15Wellcare Medical Group$17,955
16Max B Martinez, D.D.S.$17,461
17Lantan, LLC$16,312
18Hung Dang Inc., D.D.S.$16,256
19Clinica Medica LA Sagrada Famila, a Professional Medical Corporation$15,696
20Academic Medical Research Institute, Inc.$12,963
21Olympic Optometric Center a Professional Corporation, Inc.$12,091
22Z. Ayyoub Medical Group, Inc.$11,010
23Ali S. Shahidi, APDC, D.D.S.$10,145
24Nancy Sand$9,643
25Rbde Professional Medical Corporation$9,474
26Liza D Chavez, Inc., M.D.$9,300
27Ky Ha Dental Corporation$7,147
28Nagarekha Reddy, D.D.S.$6,754
29Diem Cao, Inc., D.D.S.$6,377
30Edward Abrams Inc., M.D.$6,219
31Mahesh a Sejpal., D.D.S.$6,149
32Nasser Z. Mehrizi, M.D.$5,641
33Mark Tsai$4,765
34John Issa$3,235
35Amada Mendoza$3,130
36Jayantilal G. Patel$2,969
37Consultorio Medico Latino Medical Center$2,268
38Alka Kothari, Inc., M.D.$1,934
39Family First Hospice, Inc.$1,878
40Camilo S Jorge Professional Corporation, M.D.$1,631
41Christopher Ciampa$1,345
42Marcelo Mangune Medical Corporation$1,217
43St. Luke Pharmacy, Inc.$1,183
44Khang Vu Vu Paramount Dental Group$1,118
45Marilyn Duban$1,067
46Sand Cosmetic, Inc.$695
47Paul T Ikuta a Professional Corporation$666
48Thomas Hansen$625
49Dur Hinika Surgical a Professional Medical Corporation$369
50Wilbert C Jordan Inc., M.D.$330

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