Erickson Senior Living
Erickson Senior Living is an owner, manager and developer of retirement communities in the United States. It provides independent living, assisted living, memory and skilled nursing care, managing 20 campus-style retirement communities in 11 states. Headquartered in Catonsville, Maryland, it employs 14,000 people for 24,000 residents as of 2017. Company history Erickson Senior Living was founded in 1983 by John C. Erickson as Erickson Retirement Communities. The first location was a conversion of a Baltimore seminary in Catonsville, Maryland. By 2009, Erickson operated a billion-dollar portfolio of properties in states from Massachusetts to Texas. Erickson filed for Chapter 11 in 2009. The majority of that company's assets were purchased by Redwood Capital Investments LLC for $365 million, and a new Erickson Living company was created as a subsidiary of Redwood Capital Investments LLC. The company was renamed to Erickson Senior Living in 2021. In 2017, Erickson invested $47.5 million to expand its original Charlestown campus. In 2022, Redwood Capital Investments added an ownership stake in LCS, another senior living provider. Properties and services Erickson Senior Living owns, manages, and operates campus-style retirement communities that provide independent living, assisted living, memory and skilled nursing care. Residents pay a fee an upfront