Real estate, asset management firm acquire Central Piedmont Surgery Center for $3.3M: 3 things to know

Central Piedmont Surgery Center in Asheboro, N.C., was initially formed as a joint venture between physicians, Nueterra and Randolph Hospital in Asheboro. The surgery center has been acquired for $3.3 million, according to a Triad Business Journal report.  

Here are three things to know about the surgery center and the transaction.

1. Flagship Healthcare Real Estate Fund, based in Charlotte, N.C., and Broyhill Asset Management in Lenoir, N.C., bought the center.

2. Last year, the surgery center's ownership structure changed when Randolph Hospital decided to buy out its operating partners, according to the report. But, Nueterra remained as owner of the facility through its limited liability corporation Asheboro Medical Properties.

3. Flagship Healthcare Real Estate Fund and Broyhill Asset Management now own the property through Broyhill Asheboro ASC LLC, according to the report.

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