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Minneapolis Review

Saturday, November 2, 2024

HHS provides $643.6 million to businesses in Minneapolis under CARES Act

Genbusiness011

Through the fourth quarter of 2020, businesses in Minneapolis received $643.6 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 Minnesota 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 Allina Health System with a total of $152.2 million. The average loan size in the city was $1.4 million while the state's average loan amount was $352,102.

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
1Allina Health System$152,175,620
2Fairview Health Services$117,584,027
3Hennepin Healthcare System, Inc.$78,937,602
4Ascension Se Wisconsin Hospital, Inc.$33,651,432
5Healtheast St. Joseph's Hospital$31,128,575
6Monument Health Network, Inc.$24,957,377
7Ascension St. Francis Hospital, Inc.$21,670,771
8Rapid City Regional Hospital, Inc.$17,701,174
9Range Regional Health Services$15,219,448
10Ascension St. Michael's Hospital, Inc.$15,212,739
11University of Minnesota Physicians$12,870,034
12Ascension Sacred Heart-St. Mary's Hospitals, Inc.$11,446,308
13Ascension NE Wisconsin, Inc.$8,405,462
14St. Francis Regional Medical Center$6,272,295
15Healtheast St. John's Hospital$5,264,034
16Howard Young Medical Center of Woodruff Wisconsin, Inc.$5,151,616
17Healtheast Care System$4,637,728
18Ascension Calumet Hospital, Inc.$4,330,690
19Ascension Good Samaritan Hospital, Inc.$3,752,143
20Ascension Eagle River Hospital, Inc.$3,739,583
21Minnesota Gastroenterology Pa$3,710,839
22Ascension Our Lady of Victory Hospital, Inc.$3,709,222
23Ascension St. Clares Hospital, Inc.$3,128,801
24Fairview Clinics$3,070,077
25Fairview Home Care and Hospice$2,870,798
26State of Minnesota-Minnesota Management and Budget$2,522,781
27University of Minnesota Health Clinics and Surgery Center, Inc.$2,301,088
28Healtheast Medical Research Institute$2,002,301
29Augustana Chapel View Homes, Inc.$1,897,213
30Walker Methodist Health Center, Inc.$1,796,571
31Associated Anesthesiologists Pa$1,250,160
32Senior Care Providence, LLC$1,190,200
33Augustana Health Care Center of Apple Valley$1,187,698
34Suburban Radiologic Consultants, Ltd.$1,176,580
35Emergency Care Consultants PA$1,154,250
36Catholic Eldercare$1,124,167
37Mount Olivet Careview Home$1,019,344
38Jones Harrison Residence$1,006,163
39Children's Clinic Network$980,131
40St. Anthony Nursing Home Limited Partnership$972,578
41Noran Neurological Clinic, PA$930,367
42Andrew Residence Management, Inc.$897,400
43Ebenezer Society$896,967
44Mngi Endoscopy ASC, Inc.$884,401
45Ear, Nose & Throat of Minnesota, P. A.$830,006
46Indian Health Board of Minneapolis, Inc.$787,597
47Redeemer Residence, Inc.$736,706
48Critical Care Services, Inc.$732,773
49Villa at Bryn Mawr, LLC$690,262
50Fairview Express Care$687,213

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