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An Atlanta company has bought 16 acres at Milledgeville's Central State Hospital and plans a health care center for elderly parolees.

That's according to a news release from the Central State Hospital Local Redevelopment Authority.

They say CorrectHealth LLP bought the former Bostick Building site, but plans to tear the old hospital down.

The company plans a $20 million geriatric care center that should be completed in late 2015.

Mike Couch of the redevelopment authority says the company closed on the land deal Thursday and paid about $50,000 for the site.

The health care center will have around 180 beds and should employ more than 200 people, according to the authority.

The state legislature created that authority in 2012 to market the Central State Hospital campus, which covers more than 2,100 acres and more than 200 buildings.

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