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New River Valley Times

Thursday, November 7, 2024

HHS provides $5.5 million to businesses in Blacksburg under CARES Act

Genbusiness010

Through the fourth quarter of 2020, businesses in Blacksburg received $5.5 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 Virginia received $1.7 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 Inova Health Care Services with a total of $187.5 million. The average loan size in the city was $94,498 while the state's average loan amount was $198,948.

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
1Blacksburg Life Care, LLC$1,459,753
2New River Valley Community Services$1,041,379
3NRV Nursing Center Incorporated$493,503
4Eye Care & Surgery, PC$330,609
5Dovie Eye Care, Inc.$155,242
6Valley Skin Specialists$129,035
7Damon B. Thompson PC, D.D.S.$121,558
8Matthew T Ankrum, MS, PC, D.D.S.$95,099
9University Physical Therapy Limited Partnership$87,254
10Showalter Center, Inc.$82,402
11Ray Tuck, DC, PC$80,417
12Michael J. Ankrum PC, D.D.S.$77,338
13Spring Arbor of Nags Head Limited Partnership$76,721
14Spring Arbor of Apex, Limited Partnership$75,264
15Spring Arbor of Albemarle, Limited Partnership$71,853
16Spring Arbor of East Raleigh, Limited Partnership$67,879
17Spring Arbor of Wilson, a Virginia Limited Partnership$67,839
18Wildwood Physician Services, LLC$66,770
19Spring Arbor Rocky Mount II, a Virginia Limited Partnership$62,831
20Spring Arbor of Kinston II Limited Partnership$62,688
21Spring Arbor of Greenville, a Virginia Limited Partnership$62,669
22Spring Arbor of Wilmington, a Virginia Limited Partnership$57,359
23Wildwood Emergency Group, LLC$54,519
24James E Rice, PA, D.D.S.$51,502
25DR. Tyler Burningham PLLC, D.M.D.$51,247
26American Healthcare, LLC$48,614
27Medical Associates of Southwest Virginia$45,854
28Colliver Sports & Spine, Inc.$45,795
29Farhi Eye Care & Surgery Specialists, LLC$45,007
30The Oaks of Thomasville II, Limited Partnership$40,795
31Loren S Cook PLLC, D.M.D.$33,983
32Wallace L. Huff, Inc., D.D.S.$28,871
33Jay M Bass PC, D.D.S.$22,869
34Daniel B Drysdale PC, M.D.$21,007
35Justin N Tebbenkamp, P. C., D.D.S.$17,687
36Blacksburg Pediatrics, PLC$16,173
37Neurological Care Clinic, PC$15,926
38Matthew W Glasgow PC, D.D.S.$15,193
39Plastic Surgery Center of Virginia$13,198
40University Geriatrics, LLC$11,769
41Western Reserve Vascular Institute$10,596
42Human Touch Home Health Care Agency Christiansburg, Inc.$9,895
43New River Valley Dental$8,014
44Sowinski PC, M.D.$7,962
45South Main Chiropractic Clinic, Inc.$7,320
46Core Physical Therapy, LLC$6,685
47Ferrell and Wertz Behavioral Consulting$6,255
48Family and Psychological Services, Inc.$4,114
49Blacksburg Pharmacy, LLC$3,735
50David Harrison$2,878

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