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Bankruptcy Judge Authorizes Sale of Astria Regional, Medical Office Building in Yakima

Submitted by jhartgen@abi.org on

A federal bankruptcy judge cleared the way on Wednesday for Astria Health to sell the vacant Astria Regional Medical Center and the neighboring Medical Office Building to a local investment group, the Yakima (Wash.) Herald reported. Judge Whitman Holt authorized the sale of the hospital and the neighboring Medical Office Building for $20 million. The offer received no objections, including from Astria Health’s creditors. Judge Whitman Holt said Astria Health showed reasonable business reasonable judgment in securing the offer from the investment group, Yakima MOBIC LLC. Holt acknowledged it was unlikely that Astria Health could get a better offer through other means, such as an auction. The local investment group plans to complete the purchase of the buildings on West Chestnut Avenue between South Ninth and Eleventh avenues in Yakima by Dec. 1.