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News Release: Flagship Healthcare Properties Completes Development of Ambulatory Surgery Center in Caldwell County (N.C.)



Orthopedic surgery center set to open in Granite Falls, N.C.

CHARLOTTE, N.C. (September 19, 2019) – Flagship Healthcare Properties (Flagship) is pleased to announce the completion and delivery of a 20,995-square-foot ambulatory surgery center (ASC) at RiverCrest Medical Park in Granite Falls, N.C. Development of the property, located at 180 Riverbend Drive immediately adjacent to the existing RiverCrest medical office building, began in July 2018.

The ASC was built exclusively for Prime Surgical Suites, an affiliate of Caldwell UNC Healthcare. Prime Surgical Suites is devoted to orthopedic procedures, including joint, spinal, foot, ankle and sports-related surgeries. Capable of eventually accommodating four operating rooms, the ASC will initially feature three operating rooms and one procedure room.

“It has been a pleasure working with representatives from Prime Surgical Suites and Caldwell UNC Healthcare to bring this project to life.  We want to thank our contractor, Keach Construction, and architect, Clark Paterson Lee, along with all of our valued team members who made the vision possible,” said Thorn Baccich, vice president of development at Flagship Healthcare Properties. “We are proud to have played an important role in delivering a state-of-the-art healthcare facility that will benefit residents of Caldwell County. We look forward to the next opportunity to help our health system and provider clients improve care within the populations they serve.”

A ribbon-cutting ceremony was held on Sept. 4 to celebrate the opening of the facility. Prime Surgical Center physicians and staff and Caldwell UNC Healthcare executives were in attendance, as well as Flagship’s CEO Charles Campbell and Property Manager Kristen Reese. An open house event following the ribbon-cutting ceremony included a live demonstration of the NAVIO Surgical System for robotic-assisted total knee replacement.

“We are excited to be the first orthopedic ambulatory surgery center in the region and to be able to provide needed services to our community to live healthy lifestyles,” said Teresa Burwell, MHR, BSN, RN, NE-BC, director of Prime Surgical Suites. “Flagship has been an excellent development partner through every step of the process.”

The building is owned by Flagship Healthcare Trust, Inc. (Flagship REIT), Flagship’s private real estate investment trust that owns clinical healthcare assets in the United States. Flagship will also provide property and asset management services for the facility.

The construction lender for the project was Atlantic Union Bank.

For more information about other services Flagship offers, visit https://flagshiphp.com/.

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About Flagship Healthcare Properties

Flagship Healthcare Properties, LLC (Flagship) is a fully integrated commercial healthcare real estate firm serving clients throughout the Mid-Atlantic and Southeast regions. Headquartered in Charlotte, North Carolina, Flagship offers a full range of real estate services including investment and capital solutions, development, property sales, leasing and marketing, as well as facilities, property and asset management. Flagship manages over 3.9 million square feet of healthcare real estate across over 150 properties serving more than 460 tenants. The firm has developed or acquired over 75 properties valued at more than $600 million. Flagship serves as the manager of its private REIT, Flagship Healthcare Trust, Inc. For further information, visit www.FlagshipHP.com.

About Flagship Healthcare Trust
In 2018, Flagship Healthcare Properties, LLC launched Flagship Healthcare Trust, Inc. (Flagship REIT), a private real estate investment trust that owns clinical healthcare assets in the United States. Flagship REIT holds interest in more than 40 healthcare properties valued at over $350 million. Flagship REIT’s current portfolio includes over 1.3 million square feet of medical office space and more than 180 tenants. For further information, visit www.FlagshipHP.com.

Media Contact:
Julie Parrotta, Public Relations Manager
SPARK Strategic Ideas
Jparrotta@sparksi.com and 704.625.2194

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