Yakima’s Astria Regional Medical Center purchased for $20M

YAKIMA, Wash. (AP) — A local investment group has completed its purchase of the former Astria Regional Medical Center and the neighboring Astria Medical Office Building. The $20 million acquisition, which closes Tuesday comes nearly two months after the U.S. Bankruptcy Court authorized the sale to Yakima MOBIC LLC. Tuesday’s sale comes as Astria Health works to emerge from Chapter 11 bankruptcy protection by the end of the year. A hearing for Astria Health’s reorganization plan, which it jointly filed with creditor Lapis Advisers, is scheduled for Friday. Earlier, Astria Health attorney Sam Maizel said that sale would help reduce the organization’s outstanding secured debt by 20%.