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Concord Ledger

Wednesday, November 27, 2024

HHS provides $6.6 million to businesses in New London under CARES Act

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Through the fourth quarter of 2020, businesses in New London received $6.6 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 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 $410,849 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
1The New London Hospital Association, Inc.$5,698,410
2Lake Sunapee Home Care and Hospice$484,187
3New London Pediatric Dentistry, PLLC$101,958
4Woodcrest Village, LLC$70,332
5Life Long Care of New London, PLLC$48,972
6Gregory P Gutgsell & Darren M Phipps D.D.S. Professional Association, D.D.S.$47,315
7Counseling Associates of New London$41,534
8DR. Donna Reed, PLLC$22,893
9Therapy Works, Inc.$18,671
10Barban Eye Associates, P.C.$8,960
11Smart Physical Therapy, LLC$7,800
12DR. Dorothy L. Hitchmoth, PLLC$6,963
13New London Chiropractic Center, PLLC$5,799
14Louis Kowalski$5,786
15First Colony Corporation$3,331
16Roberts Scarlett Pharmacy, Inc.$665

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