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Erickson Retirement Communities posts $6.44 million December net loss
By Caroline Salls
Pittsburgh, Jan. 22 - Erickson Retirement Communities, LLC reported a $6.44 million net loss for December on $2.22 million in revenues, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Northern District of Texas.
In comparison, the company posted an $8.85 million net loss in November on $2.57 million in revenues.
Erickson had $33.53 million in cash at Dec. 31, up from $31.64 million at the end of November.
Baltimore-based Erickson Retirement develops full-service retirement communities. The company filed for bankruptcy on Oct. 19. Its Chapter 11 case number is 09-37010.
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