Erickson files Ch. 11, agrees to be bought by Redwood

Erickson Retirement Communities Monday filed a voluntary petition for Chapter 11 bankruptcy and said it had agreed to be purchased by Redwood Capital Investments LLC. Erickson spokesman Mel Tansill said in a statement that Catonsville-based Erickson filed for bankruptcy in Dallas, and the agreement with Redwood, which is controlled by Baltimore businessman Jim Davis, is contingent ...

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