COVID Stimulus Watch Individual Entry
Recipient Company:
LAREDO MEDICAL CENTER
Grant Amount:
$9,423,505
Recipient Details
Ownership Structure: publicly traded (ticker symbol CYH)
Facility City: LAREDO
Facility State: TX
Award Details
Award Date: Jul 29, 2021
Award Type: grant
Award Details: Award amount is the total of reimbursements for testing, treatment, and vaccinations. Claims paid for testing: $1,183,493; Claims paid for treatment: $8,240,012; Claims paid for vaccine: $0
Program Name: COVID-19 Claims Reimbursement to Health Care Providers and Facilities for Testing and Treatment of the Uninsured Program ($500,000 and up)
Legislation: CARES
Awarding Agency: Health and Human Services Department
Data Source for Award:
https://data.cdc.gov/Administrative/Claims-Reimbursement-to-Health-Care-...
Parent Company Data
Parent Company: Community Health Systems
Headquartered in: Tennessee
Parent Sector: healthcare services
Parent Industry: hospitals
Employees (prior to pandemic): 80,000
Accountability Issues Since 2010
Employment-related Penalties: $2,033,583
Government-contracting-related Penalties: $477,996,770
Environmental / Healthcare / Safety Penalties: $90,000
Consumer Protection / Financial / Competition-related Penalties: $5,000,000
Ratio of CEO Pay to that of Median Worker: 151 to 1
CEO Compensation: $8,064,410
Worker Median Pay: $53,461
Total Federal, State, and Local Subsidies: $187,467,272
Violation Tracker
Environment / Safety Issues
Consumer Protection Issues