COVID Stimulus Watch Individual Entry

Recipient Company:
BIO-MEDICAL APPLICATIONS OF MICHIGAN INC
Loan or Loan Guarantee Amount:
$940,944

Recipient Details

Ownership Structure: publicly traded (ticker symbol NYSE: FMS)
Facility City: WIXOM
Facility State: MI

Award Details

Award Date: Dec 9, 2020
Award Type: loan
Award Details: CMS National Provider Identifier: 1033224878
Program Name: Medicare Accelerated and Advance Payment Program ($500,000 and up)
Legislation: CARES
Awarding Agency: Centers for Medicare and Medicaid Services
Data Source for Award:
https://www.cms.gov/files/document/covid-medicare-accelerated-and-advanc...

Parent Company Data

Parent Company: Fresenius
Headquartered in: Germany
Parent Sector: healthcare services
Parent Industry: healthcare services
Employees (prior to pandemic): 120,659

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $980,000
Contracting icon
Government-contracting-related Penalties: $87,842,592
Environment icon
Environmental / Healthcare / Safety Penalties: $305,152,367
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $235,215,273
CEOpay icon
CEO Compensation: $5,798,000
Tax icon
Total Federal, State, and Local Subsidies: $12,836,016
Subsidy Tracker
Violation Tracker

Details on Accountability data sources

Accountability Issues

Covid Stimulus Watch provides accountability data on CARES Act recipients in the following categories:

Employment iconEmployment Issues

Tax iconTax / Subsidy Issues

Contracting iconContracting Issues

Environment iconEnvironment / Safety Issues

Consumer iconConsumer Protection Issues

CEO pay iconCEO Pay Issues