Flagship Healthcare Properties has announced the acquisition of a class A, 100% leased ambulatory surgery center located in Panama City, Florida.
The purpose-built multispecialty outpatient surgery center was developed for Northwest Florida Surgery Center and contains three operating rooms and two procedure rooms. The facility is located within a dense medical corridor and surrounded by complementary healthcare providers. Gulf Coast Hospital, a 430-bed acute care facility, is less than a mile away.
Flagship Healthcare Properties is an outpatient healthcare real estate firm serving clients in the southern 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.
“We are thrilled to expand our presence in Panama City with the acquisition of this high-quality surgery center,” said Gerald Quattlebaum, Flagship’s Executive Vice President of Acquisitions. “This property strengthens our portfolio and aligns perfectly with the region’s strong growth and demand for outpatient surgical procedures.”
The property was acquired through Flagship’s private real estate investment trust, Flagship Healthcare Trust. Flagship will also provide property management and asset management services for the facility. Financial terms of the deal were not disclosed.
According to data in the LevinPro HC database, this transaction marks the 16th Outpatient Surgery Center acquisition of 2025. Throughout 2024, there were 40 Outpatient Surgery Center deals.
