With the inability to create and retain 225 jobs, Boca Raton-based Cancer Treatment Centers of America’s nearly $2.4 million in economic incentives contracts with state and local government are coming to an end.
The for-profit hospital company had until 2021 to complete its state contract, according to a state website that tracks Florida incentive awards.
On Wednesday, the Palm Beach County Commission voted to end its incentives contract with Cancer Treatment Centers of America. The county never disbursed any incentives money to the company, said Sherry Howard, deputy director of the county’s department of economic sustainability.
The state contract is in a “pending termination” status, according to the Florida Department of Economic Opportunity’s incentives website. The company did not meet its performance requirements, said Tiffany Vause, spokeswoman for the Department of Economic Opportunity in Tallahassee.
The company has had layoffs in recent years, including some in 2018 at its headquarters at 5900 Broken Sound Parkway NW in Boca Raton.
Kelly Smallridge, president of the economic development board, which had wooed the headquarters to relocate from Schaumburg, Ill., said the company just couldn’t meet its original job goals.
“When companies come to the county to create jobs, they are very well-intentioned. However, due to issues in the market or in their industry, they may be off from their original job creation forecast,” she said.
But she said Cancer Treatment Centers “has no plans to leave the county. They have let go of some people, but I am confident Boca Raton will remains their headquarters, based on my conversations with company leaders.”
Cancer Treatment Centers of America had agreed with Florida and the county to create 224 jobs and make as much as a $6 million total investment in Palm Beach County. The company, which oversees cancer-treatment hospitals across the country, did make an investment of nearly $902,000 in Boca Raton, according data from the state incentives website.
Cancer Treatment Centers received a state payment of $28,891 in 2016, according to the state website.
Cancer Treatment Centers’ spokeswoman said the health-care company is operating “more leanly” these days. “We maintain a workforce of over 100 stakeholders in our corporate headquarters in Boca Raton and remain committed to Palm Beach County and the city of Boca Raton,” she said.
On April 3, the company announced it had named a new president and CEO, Dr. Pat Basu, 40, who helped start telemedicine company Doctor on Demand.
In 2014, Cancer Treatment Centers was a big corporate headquarters relocation for the Business Development Board of Palm Beach County.
The company focuses on individualized treatment for cancer patients and touts state-of-the art technologies. Besides its headquarters, Cancer Treatment Centers has hospitals in the Chicago area as well as in Atlanta; Philadelphia; Phoenix, Ariz.; and Tulsa, Okla.