NEWS RELEASE
FOR IMMEDIATE RELEASE
Healthcare real estate firm acquires surgery center
CHARLOTTE, N.C. (April 2, 2020) — Flagship Healthcare Properties (Flagship), an outpatient healthcare real estate firm, expands its Charlotte, North Carolina portfolio with the acquisition of Charlotte Surgery Center – Museum Campus. The 19,767-square-foot ambulatory surgery center (ASC) is located at 2825 Randolph Road, less than 10 minutes from Uptown Charlotte and the Myers Park and Cotswold neighborhoods.
The ASC was originally built in 1984 and was most recently expanded and renovated in 2019. The Charlotte Surgery Center practice was formed 35 years ago and has grown to include general surgery, gynecology, ophthalmology, orthopedic, plastic, podiatry, and urology practices, with over 50 surgeons and physicians. Surgical Care Affiliates (SCA) is the manager of Charlotte Surgery Center. A leader in the outpatient surgery industry, SCA strategically partners with health plans, medical groups and health systems across the country to develop and optimize surgical facilities. SCA operates more than 210 surgical facilities in partnership with approximately 7,500 physicians.
“We are grateful for the opportunity to once again team with Surgical Care Affiliates and their outstanding surgeon partners,” said Gerald Quattlebaum, senior vice president of acquisitions at Flagship. “The recently completed renovation and expansion will allow these physicians to meet the growing demand for outpatient surgery in the heart of Charlotte”.
Flagship acquired the property through its private real estate investment trust, Flagship Healthcare Trust, Inc. Flagship will provide asset and property management services.
Tiffany Slayden represented Flagship in this transaction. Financing was provided by First National Bank.
For more information about Flagship Healthcare Properties, visit www.flagshiphp.com.
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About Flagship Healthcare Properties
Flagship Healthcare Properties, LLC (Flagship) is a fully-integrated outpatient healthcare real estate firm serving clients throughout the Southeastern and Southern Mid-Atlantic United States. 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 4.3 million square feet of healthcare real estate across more than 165 properties serving in excess of 465 tenants. The firm has developed or acquired over 80 properties valued at more than $675 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
Flagship Healthcare Trust, Inc. (Flagship REIT), is a private real estate investment trust that owns clinical healthcare assets in the United States. Flagship REIT holds interest in more than 50 healthcare properties valued at over $408 million. Flagship REIT’s current portfolio includes more than 1.4 million square feet of medical office space and approximately 185 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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