COVID Stimulus Watch Individual Entry

Recipient Company:

DMC Sinai-Grace Hospital

Grant Amount:

$46,856,481

Recipient Details

Ownership Structure: publicly traded (ticker symbol THC)

Facility City: Detroit

Facility State: MI

Award Date: Sep 1, 2020

Award Type: grant

Award Details: 1st Round Payment

Program Name: Provider Relief Fund COVID-19 High-Impact Payments

Legislation: CARES

Awarding Agency: Health and Human Services Department

Data Source for Award:

Parent Company: Tenet Healthcare

Headquartered in: Texas

Parent Sector: healthcare services

Parent Industry: hospitals (for-profit)

Employees (prior to pandemic): 113,600

Employment-related Penalties: $42,488,717

Government-contracting-related Penalties: $605,260,000

Environmental / Healthcare / Safety Penalties: $331,996

Consumer Protection / Financial / Competition-related Penalties: $120,000

Ratio of CEO Pay to that of Median Worker: 452 to 1

CEO Compensation: $24,288,660

Worker Median Pay: $53,714

Total Federal, State, and Local Subsidies: $17,334,973

Federal Corporate Income Tax Rate: -2.4%