The $20 million sale closed less than two months after a bankruptcy judge authorized the transaction and less than a year after Astria Regional Medical Center closed.
The hospital and its parent organization, Astria Health, have been working their way through the bankruptcy process since filing for Chapter 11 protection in May 2019. The system is working to emerge from bankruptcy by the end of the year, according to the Yakima Herald.
More articles on healthcare industry transactions:
7 hospital mergers called off in past year
Tenet strikes $1.1B deal for 45 surgery centers
Colorado hospital breaks ties with Quorum
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
