The physician partners of Little Rock (Ark.) Diagnostic Clinic entrusted Flagship Healthcare Trust with the acquisition of their medical office building, according to HC+O News.
Three insights:
1. Flagship acquired LRDC's 96,692-square-foot clinic, which features an ASC, a diagnostic imaging center, lab space and an infusion therapy center, for $34.8 million. LRDC employs nearly three dozen physicians specializing in internal medicine, neurology, endocrinology, gastroenterology, podiatry, pulmonology, OB-GYN and rheumatology.
2. LRDC's physician partners chose Flagship Healthcare Trust to support their continued growth, according to Gerald Quattlebaum, Flagship's senior vice president of acquisitions.
"After extensive diligence and deliberation, LRDC Real Estate LLC has decided to partner with Flagship Healthcare Properties," said Nutan Bhaskar, MD, vice president of LRDC Real Estate. "The physician partners of LRDC Real Estate LLC have the utmost confidence in the management team of Flagship Healthcare."
3. Flagship Healthcare Properties, which manages Flagship Healthcare Trust, has 3.9 million square feet of healthcare space in its portfolio. The LRDC clinic acquisition is Flagship's first in the Little Rock market.
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