By Eric Althoff
CHARLOTTE, N.C.—Healthcare real estate firm Flagship has acquired the Charlotte Surgery Center-Museum Campus in North Carolina’s largest city. The real estate investment trust (REIT) that is operated under the Flagship umbrella purchased the 19,767-square-foot ambulatory surgery center (ASC) at 2825 Randolph Road, located but a few minutes’ drive from the downtown Charlotte corridor as well as the Myers Park and Cotswold neighborhoods.
The Charlotte Surgery Center—Museum Campus was first constructed in 1984 and has been expanded several times over the years, most recently in 2019. The surgery center is managed by the regional firm Surgical Care Affiliates, which works in conjunction with medical providers across the country to optimize the operation of various surgical facilities. SCA operates over 200 surgical facilities across its portfolio of properties.
“We are grateful for the opportunity to once again team with Surgical Care Affiliates and their outstanding surgeon partners,” Gerald Quattlebaum, senior vice president of acquisitions at Flagship, said in a recent statement about the acquisition. “The recently completed renovation and expansion will allow these physicians to meet the growing demand for outpatient surgery in the heart of Charlotte.”
The Charlotte Surgery Center practice opened nearly four decades ago, and its facilities have since expanded to include focused care in such fields as general surgery, gynecology, ophthalmology, orthopedic, plastic, podiatry and urology practices. The surgery center employs over 50 surgeons and physicians.
Flagship made the purchase of the Charlotte Surgery Center—Museum Campus via its subsidiary REIT, Flagship Healthcare Trust, Inc. Flagship’s representative for the sale was
Tiffany Slayden. Flagship’s services for the Charlotte healthcare facility will entail asset and property management services.
Flagship, based in Charlotte, has many properties throughout the Southeast and Mid-Atlantic regions. The company’s portfolio includes managing over 4.3 million square feet of healthcare space at nearly 200 properties. Its REIT has a controlling interest in more than 50 properties valued at over $400 million and encompassing 1.4 million square feet of medical use space at various locations.