Erickson’s Bankruptcy and the Future of CCRCs
Lots of buzz about the Oct. 20 Chapter 11 bankruptcy and sale of Erickson Retirement Communities, one of the nation's premier developers of Continuing Care Retirement Communites. CCRCs are campus-like settings that promise lifetime care for seniors, from independent living to assisted living to nursing home care. These facilities operate on several different business models but Erickson, like many others, requires a hefty, [...]