Bankruptcy court approves $20M sale of Washington hospital

Bankruptcy Judge Whitman Holt stated the purchase cost was affordable and Astria was not likely to protect a better deal through an auction..

More short articles on medical facility deals: Atrium, Wake Forest Baptist combine to develop 42-hospital systemAdvocate Aurora, Beaumont cancel mergerUNC Health strikes deal for 12th health center.

A personal bankruptcy judge on Oct. 21 licensed the $20 million sale of Astria Regional Medical Center in Yakima, Wash., and a neighboring medical office building to a financial investment group, according to the Yakima Herald..

The regional investment group, Yakima MOBIC, expects to finish the purchase by Dec. 1, according to the report..

Astria Health applied for Chapter 11 personal bankruptcy last year..

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Ayla Ellison (Twitter) –
Thursday, October 22nd, 2020