Business Services Industry
Alterra to Become Private Company, Pending Court Approval of Ownership Plan.
Knight Ridder/Tribune Business News, October, 2003
By Joe Manning, Milwaukee Journal Sentinel Knight Ridder/Tribune Business News
Oct. 8--Wauwatosa-based Alterra Healthcare Corp. said Tuesday that it plans to become a privately held company once a bankruptcy court approves a new ownership plan as the company emerges from Chapter 11 reorganization.
Under the plan, which needs bankruptcy court approval, Alterra's headquarters will remain in Wauwatosa at 10000 Innovation Drive, and Mark Ohlendorf will continue as Alterra's president, Ohlendorf said.
The restructuring plan was filed with the court Tuesday, he said. The plan calls for the company to be owned by a joint venture formed by Fortress Investment Group in New York and Seattle-based Emeritus Corp.
Emeritus Assisted Living,...
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