My mom who is approaching 80 sent me a message concerning the WSJ article regarding Erickson's Retirement Communities. She currently lives in a suburb north of Baltimore and is considering a move to an Erickson Community, Oak Crest.
She has a number of friends that have moved into the community and I have friend's whose parents are living or lived there. I've never talked to anyone who had a bad thing to say about the place. Yes, it's expensive and the entrance fee is considerable -- but mom is getting to the stage where her health is questionable and while she can still do for herself -- there are days when doing the routine things are a struggle.
So before her health deteroriates to the point where Oak Crest will not accept her -- I believe this is a good move for her.
The WSJ article highlighted the problems the prolonged financial downturn has caused several of the communites. Mom has an elder-care attorney and she can bounce her concerns to her. Even so, this is a talented group and would appreciate your thoughts and experiences.
WSJ article: Retirement Chain Seeks Fresh Cash Infusion - WSJ.com