What you should know:
1. The loan will convert to a grant if the money is used to cover payroll and employee benefits.
2. While Cumberland fits the U.S. Small Business Administration’s guidelines for a small business, the pharmaceutical company is publicly traded, and some publicly traded companies have come under fire for taking funds from small businesses.
3. Publicly traded companies have received around $365 million in loans through the PPP program, according to an Associated Press analysis.
4. Cumberland officials didn’t tell the Nashville Post if they’d return the funding.
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97% of medical practices suffer COVID-19 financial hit: 5 observations for orthopedics
Investor pays $49M for Arizona spine, orthopedic hospital property
