Developer intends to reopen as a for-profit health facility that is mental
WEST PALM BEACH вЂ” The financially ruined Jerome Golden Center for Behavioral wellness happens to be offered for $11 million.
Sunview health of the latest Jersey bought the shuttered nonprofit's seven properties in western Palm Beach and Belle Glade, spending $9.5 million for the primary framework, an as soon as completely functional psychological state medical center on 10 acres along 45th Street near St. MaryвЂ™s infirmary.
The deal closed on Sept. 29, nearly one to the day that the center initially filed for bankruptcy year. It don't come in public information until Friday.
All are tied to a Lakewood, N.J.-based company run by Mark Tress, who confirmed his plans to buy the facility last November while the buyers are seven separate limited-liability companies with some variation of the name Sunview Medical.
The Golden Center, previously the Oakwood Center for the Palm Beaches and before that the 45th Street psychological state Center, was in fact providing low-cost government-subsidized health that is mental in north county since 1966.