July 27, 2011
Rev. Michael Erickson and Ruth Erickson, of Fallston, announce the engagement of their daughter, Anna Elizabeth Erickson, to Kenneth John Tozzi Jr., of Bel Air. The bride-to-be is a 2007 graduate of Fallston High School and a 2011 graduate of James Madison University. She is employed as a registered nurse at Johns Hopkins Bayview Medical Center in Baltimore. The groom-elect is son of Col. Kenneth Tozzi and Martha Tozzi, of Bel Air, a 2007 graduate of Fallston High School and a 2011 graduate of the University of Maryland at College Park.
June 4, 2011
The founder of the Catonsville-based retirement community company that pioneered campus-style continuing-care facilities nationwide faces a $100 million lawsuit brought on by a trustee this month. John C. Erickson, who founded the Baltimore County Erickson Retirement Communities in 1983, is accused, along with his family members and other former board members, of approving company assets for private use. The company has since been bought by a local entrepreneur and operates under new leadership as Erickson Living.
October 26, 2010
Erickson Living, a Catonsville-based developer and manager of retirement communities, laid off 30 corporate employees earlier this month as part of business restructuring that has been under way since the company emerged from bankruptcy under new ownership in the spring. A spokesman for the company, previously called Erickson Retirement Communities, said half of those employees worked in the Baltimore region and that all were given severance and outplacement help. The spokesman, Dan Dunne, said the company has hired more than 2,000 people since June at various levels, including 50 in the corporate offices.
July 20, 2010
Elsa Lundgren beams as she stands in the archway between her bedroom and living room. She used to live in a single, hospital-like room on the assisted-living floor at Broadmead retirement community in Hunt Valley. But after a renovation, she now has a sitting room with a flat-screen TV, a small kitchen, a bathroom with a walk-in shower and, most important to her, several large windows that give her plenty of light. "My eyesight was getting poorer and poorer," says the 96-year-old, who has lived at Broadmead for 18 years.
May 15, 2010
Just months after Erickson Retirement Communities filed for bankruptcy, the company's new owners say they are poised for expansion with the same business model that seized up along with the housing and credit markets last year. Local entrepreneur Jim Davis, whose Redwood Capital Investments LLC bought Erickson for $365 million this month, said the Catonsville-based company is more financially sound than ever after wiping out most of its debt through the bankruptcy. That will enable Erickson to move forward in the next year with new housing at about a dozen of its existing communities that are not fully developed, he said.
May 3, 2010
Erickson Retirement Communities, which emerged from bankruptcy last month, said Monday that its planned sale to a local investor has closed. Redwood Capital Investments, controlled by businessman Jim Davis, bought the Catonsville-based national chain of senior-living communities for $365 million. Davis — also the majority owner of Allegis Group, a staffing firm in Hanover — won the bidding for Erickson in a two-company auction overseen by the bankruptcy court. Erickson said in a statement that it will "focus on its core business and the communities it manages, including building out the developing communities as demand warrants and, as early as 2012, entering attractive new markets."