Nonprofit hospital buys neighboring properties for $7M

Nonprofit hospital buys neighboring properties for $7M

By Brian Bandell  – Jan 8, 2018

Jupiter Medical Center made two property acquisitions near its hospital to host construction of new facilities.

The nonprofit hospital paid $5.3 million to Toney Penna Drive Partners for 4.91 acres at 960 and 964 S. Old Dixie Highway and 150 Toney Penna Drive in Jupiter. It also paid $1.6 million to Ace Management of Jupiter for 1.16 acres at 134 Toney Penna Drive.

Steven Seeley Interim president, CEO/current COO, CNO, Jupiter Medical Center



These properties, which are just north of Jupiter Medical Center, currently have warehouses or open storage. However, that could change soon.

Jupiter Medical Center Interim President and CEO Steven Seeley said the newly acquired properties will allow the hospital to begin construction on the Anderson Family Cancer Institute later this year, plus other expansion initiatives.

In 2016, JMC received a $25 million donation for the 75,000-square-foot comprehensive cancer center.

From left to right: Audrey Mastroianni, Sara and Anthony Mastroianni, Jessica and Nicholas Mastroianni III along with their three daughters. (Photo/JMC)

JMC has started construction on the Mastroianni Family Pediatric Emergency Department, an eight-bed, 6,300-square-foot facility that will connect to the main emergency department. It’s also expanding its existing emergency department with an 18-bed observation unit. It’s building a comprehensive stroke center. Open heart surgery will also be added at the hospital.

In the short term, the recently acquired property will be cleared to host parking, Seeley said.

“This property gives us room to grow as we evaluate how we can best meet the increasing health care needs in our region,” Seeley said.

Those growth strategies will be decided by Donald McKenna, who was hired as JMC CEO in November and will join the hospital soon.


Original Post: