During the bankruptcy protection process, Astria Health has paid back about $100 million in debt, including loans from its secured creditors, said Sam Maizel, the Los Angeles-based attorney who represented Astria Health.
Astria Health says it’s in a better financial place than it was two years ago.
Astria Health’s emergence from bankruptcy protection was unusual, said Sam Maizel, a Los Angeles-based attorney who represented Astria Health during its bankruptcy. He has represented many hospitals and health systems in bankruptcy over the years.
Astria Health has seen big leadership changes since filing for bankruptcy in May 2019.
YOUR ASTRIA STORIES
The Yakima Herald-Republic will continue to cover the Astria Health bankruptcy and Regional closure in the days ahead.
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Astria Health emerging from bankruptcy is good news for rural communities, like those in the Lower Yakima Valley.
Astria Health in the Yakima Valley has finalized a $75 million loan from MultiCare Health System, a major step in exiting bankruptcy.
A year ago, Astria Health officials were negotiating with a potential buyer for Astria Regional Medical Center in Yakima.
Legal discussions about Astria Health’s bankruptcy reorganization plan will continue Wednesday to give attorneys more time to work on a version that includes a financial deal with Tacoma-based MultiCare Health System.
Astria Health is working to secure a $75 million loan from Tacoma-based MultiCare Health Systems, a last-minute move that attorneys said is a potential game-changer in its ongoing bankruptcy protection case.
Astria Health is pressing ahead to emerge from Chapter 11 bankruptcy protection by year’s end after receiving court approval for a proposed disclosure statement.
With Astria Health close to emerging from bankruptcy, CEO John Gallagher says it’s time for him to step down.
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.
A Yakima investment group wants to improve the region’s access to health care — and enhance the Yakima Valley’s economic prospects — through the
On May 5, Dr. Julia Robertson wrote a letter stating her plans to transition to a new position with Central Washington Family Medicine in mid-July.
Astria Health will reorganize instead of selling its assets.
The U.S. Bankruptcy Court approved Astria Health’s motion to lease the closed Astria Regional Medical Center in Yakima to the state of Washington as part of its coronavirus response.
The U.S. Bankruptcy Court will hold a hearing Tuesday on a motion that would allow Astria Health to lease the shuttered Astria Regional Medical Center in Yakima to the state for use as a field hospital for coronavirus response efforts.
In a speech to the Yakima Southwest Rotary in August, John Gallagher, CEO of Astria Health, noted that the organization had hired 48 new specialists in the nearly two years since the organization acquired hospitals in Yakima and Toppenish.
A community job fair Thursday became an unofficial networking and catch-up session for former Astria Regional Medical Center employees.