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.
More articles on surgery centers:
AAOS publishes clinical considerations for return to elective surgery
97% of medical practices suffer COVID-19 financial hit: 5 observations for orthopedics
Investor pays $49M for Arizona spine, orthopedic hospital property
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