A deed made public today shows Origins Behavioral Healthcare of Texas paid $11.5 million for West Palm Beach’s 21-acre Hanley Center.
It was announced Friday that Origins bought Hanley Center, located just west of St. Mary’s Medical Center, from a Pennsylvania nonprofit.
The seller, Caron Treatment Centers, also sold their facility Gate Lodge in Vero Beach to Origins and plans to use a portion of the proceeds to boost expand its Boca Raton facility, an executive told Palm Beach Post. As part of the deal, Origins will relocate its corporate headquarters and three executives to the Hanley Center in West Palm Beach. [Palm Beach Post] — Kristina Puga