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Without a doubt about Jerome Golden Center sells for $11M

Developer intends to reopen as a for-profit health facility that is mental

WESTERN PALM BEACH — The Jerome that is financially ruined Golden for Behavioral wellness is offered for $11 million.

Sunview health of the latest Jersey bought the shuttered nonprofit’s seven properties in western Palm Beach and Belle Glade, having to pay $9.5 million for the structure that is main an as soon as completely functional psychological state hospital on 10 acres along 45th Street near St. Mary’s clinic.

The deal closed on Sept. 29, very nearly one 12 months towards the time that the guts initially filed for bankruptcy. It did not can be found in public record 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 associated with Palm Beaches and before that the 45th Street psychological state Center, was indeed supplying low-cost government-subsidized psychological state care in north county since 1966.

Tress said Tuesday he promises to carry on the middle’s operations, including an „acute psych hospital,” except as being a for-profit company as opposed to a not-for-profit. Continue reading

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