NEW ALBANY, IND.—The Sanders Trust, a healthcare real estate investment company in Birmingham, Ala., has acquired The Floyd Memorial Cancer Center of Indiana, located in New Albany, Ind. for approximately $13 million.

The Floyd Memorial Cancer Center of Indiana provides treatment options available to fight cancer and is the only comprehensive cancer center in Southern Indiana offering both medical and radiation oncology at one location.

The acquistion for The Sanders Trust comprises more than 39,000 rentable sq. ft., all of which will continue to be under a long term lease with Floyd Memorial Hospital and Health Services.

The Sanders Trust was founded in 1989 and has developed or acquired more than 50 medical properties in 17 states, in excess of $500 million in value.