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Flagship Healthcare Trust Acquires Mob In Richmond, Va

Apr 28, 2022•over 3 years ago

Acquiring Company

Flagship Healthcare Trust

Acquired Company

MOB

CharlotteReal EstateHealth CareCommerce And Shopping

Description

Flagship Healthcare Trust, a Charlotte-based outpatient healthcare real estate investment trust (REIT), has acquired the Blair Building, a Class A, fully leased medical office building (MOB) in fast-growing Richmond, VA.

Company Information

Company

Flagship Healthcare Trust

Location

Charlotte, North Carolina, United States

About

Flagship Healthcare Trust, Inc. ("Flagship REIT"), is a private real estate investment trust that owns clinical healthcare assets in the United States. As of third quarter 2021, Flagship REIT holds interest in 75 healthcare properties valued at over $673 million. Flagship REIT's current portfolio includes 2.1 million square feet of medical office space and 227 tenants. The main operating entity of the Manager is Flagship Healthcare Properties, LLC ("Flagship"), a fully integrated commercial real estate firm focused on clinical outpatient healthcare real estate. With a history dating to 1985, the Manager operates a vertically integrated platform and currently manages approximately 5 million square feet of healthcare-related office space in over 200 properties. More than 80 professionals provide Flagship's healthcare system and physician clients a full range of real estate services and expertise to a diverse and growing portfolio of properties.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed