Fairbanks medical institutions awarded CARES Act grants
Applications for federal CARES Act funds from the City of Fairbanks went live on Wednesday for individuals and small businesses.
However, the applications for medical facilities were sent out weeks ago, and the grants have been awarded.
Foundation Health Partners, the group which manages Fairbanks Memorial Hospital and Tanana Valley Clinic, was awarded $4,953,500.
Additionally, Interior Community Health received $221,700.
Each organization received the full amount they requested.
The only other organization which was given an application for medical facility grants was Tanana Chiefs Conference, who did not submit an application.
"We were certainly delighted to have received the grant amount of right about 4.9 million dollars," said Gary Roderick, Chief Financial Officer with FHP. "It really does cover a good amount of the appropriate costs that met the criteria of the grant application."
Roderick added, however, that this money only covers a fraction of their total losses.
The institutions will receive their money this week, according to the City of Fairbanks.