Must a parent organization that received a Provider Relief Fund Targeted Distribution on behalf of a subsidiary in which it is has a direct ownership relationship remit the payment to the subsidiary?

MODIFIED 12/11/2020:

Yes. The purpose of Targeted Distribution payments is to support the specific financial needs of
the eligible healthcare provider that received the payment. Control and use of the funds must be
delegated to the entity that was eligible for the Targeted Distribution payment if a parent entity
received the Targeted Distribution payment on behalf of an eligible subsidiary. The only
exception to this occurs when the funds were received as part of the Skilled Nursing Facility
Targeted Distribution or Nursing Home Infection Control Distribution (but not bonus payments
received as part of the Nursing Home Infection Control Quality Incentive Program), in which
case parent entities may distribute funds among those subsidiaries that were eligible for payment
at its discretion.