SARASOTA MEMORIAL EXPANDS COMMITMENT TO VENICE OUTPATIENT CARE FACILITY

SARASOTA, Fla. - Flagship Healthcare Properties (Flagship), an outpatient healthcare real estate firm, is pleased to announce Sarasota Memorial Health Care System (SMH) has executed a lease for the entirety of an approximately 54,000-square-foot medical outpatient building planned at 2695 Curry Lane in Venice, adjacent to Sarasota Memorial Hospital-Venice campus.

The three-story facility, which will be situated on about five acres, was planned as a multi-tenant medical outpatient building. Sarasota Memorial previously committed to a portion of the project for outpatient endoscopy services and a new home for SMH First Physicians Group's gastroenterologists.

The expanded commitment to occupy the entire building will allow Sarasota Memorial to significantly increase outpatient services in Venice, including bringing a range of advanced cancer services from its Brian D. Jellison Cancer Institute closer to patients in south Sarasota County.

The transaction represents the largest new lease executed in Flagship's history, and marks a significant milestone in the firm's continued expansion throughout Florida. The site was acquired by Flagship in January 2025 and is strategically positioned to support the continued growth of the hospital campus and surrounding communities. The successful lease transaction was led by Liz Cook, whose efforts resulted in the project's full-building commitment by SMH.

"This lease represents a tremendous milestone for Flagship and further validates our strategy of developing high-quality outpatient healthcare facilities in growing markets across Florida," said Thorn Baccich, Flagship Healthcare Properties' Executive Vice President of Development. "We are honored to partner with Sarasota Memorial, one of the nation's leading health systems, and look forward to delivering a facility that will support expanded access to care for patients throughout the region."

The expansion also represents the next phase in the rapid growth of the Brian D. Jellison Cancer Institute, and comes just months after Sarasota Memorial opened its third premier cancer facility, the new Milman-Kover Cancer Pavilion, on the SMH-Sarasota campus.

SMH established the Jellison Cancer Institute in 2020 to give cancer patients greater access to advanced treatments, technologies, clinical trials and supportive care close to home, and it has since been recognized among the highest-volume cancer centers in Florida.

"Cancer treatment can require frequent appointments with multiple specialists and care teams, sometimes over many months," said Kelli Dancer, vice president of the Brian D. Jellison Cancer Institute. "Expanding these services in Venice will make it easier for patients in south Sarasota County and surrounding communities to access comprehensive, coordinated cancer care closer to where they live. It's another important step in our commitment to bring the highest level of cancer care to patients throughout our region."

As proposed, a radiation oncology center and medical, surgical and radiation oncology physician clinics will be built on the first floor. The third floor will house the endoscopy center and SMH First Physicians Group's team of gastroenterologists. The second floor will be shelled for future growth.

Preliminary site work has already begun. Pending permitting and construction plan approvals, Flagship will begin work on the building shell, with SMH's design/build team completing build-out of the specialized centers in 2028.

About Sarasota Memorial Health Care System (smh.com)

Sarasota Memorial Health Care System is a regional medical center offering Southwest Florida's greatest breadth and depth of care, with about 2,500 physicians and advanced practice providers, 11,000 employees and 2 million patient visits a year across its network of care. Sarasota County's largest employer, the community-owned health system includes two full-service hospitals in Sarasota and Venice (and third under construction in North Port), freestanding ERs in North Port and Lakewood Ranch, a rehabilitation hospital, skilled nursing facility and comprehensive network of outpatient centers, urgent care clinics and First Physician Group primary and specialty care practices. Founded in 1925, SMH's flagship Sarasota campus also is home to the Brian D. Jellison Cancer Institute, Cornell Behavioral Health Pavilion and Kolschowsky Research and Education Institute. Both Sarasota Memorial Hospital-Sarasota and Sarasota Memorial Hospital-Venice have earned the highest 5-Star quality ratings from the U.S. Centers for Medicare & Medicaid Services (CMS). The SMH-Sarasota is the only Florida hospital - and one of just 11 in the nation - to earn a perfect 5-Star rating from CMS every year since the federal rating program began in 2016.

About Flagship Healthcare Properties*

Flagship Healthcare Properties, LLC (Flagship) is a fully-integrated outpatient healthcare real estate firm serving clients throughout the United States. Headquartered in Charlotte, North Carolina, Flagship offers a full range of real estate services, including acquisitions, development, leasing and brokerage, as well as facilities, property and asset management. Flagship manages approximately 8.98 million square feet of healthcare real estate in more than 440 properties serving more than 810 tenants. Flagship serves as the manager of its private REIT, Flagship Healthcare Trust, Inc. For more information, visit https://www.FlagshipHP.com.

About Flagship Healthcare Trust*

Flagship Healthcare Trust, Inc. (Flagship REIT), is a private real estate investment trust that owns clinical healthcare assets throughout the United States with a strategic focus in the Southeast and Mid-Atlantic. Flagship REIT holds interest in 114 properties comprising 3.0 million square feet of space and valued at more than $1.1 billion. For more information, visit https://www.FlagshipHP.com/REIT.