An assisted-living business in northwest Lawrence that had been part of a financially troubled company has a new owner and name.

Alterra Sterling House of Lawrence, 3220 Peterson Road, has been purchased by Windsor Senior Services of Wichita. The care home’s name has been changed to The Windsor of Lawrence.

Tim Buchanan, chief executive for Windsor Senior Services, said Windsor negotiated a deal for the 38-unit home after Milwaukee-based Alterra Healthcare Corp. filed for Chapter 11 bankruptcy protection in January and began selling its assets.

Buchanan was a co-founder of Sterling House Corp. in Wichita, which in 1991 built the Lawrence care home before the company merged with Alterra. He said his familiarity with Lawrence and the care home was a major reason the company decided to buy it. Terms of the sale weren’t disclosed.

“We’re pleased with the demographics of Lawrence,” Buchanan said. “There’s a good, stable population for us, and the facility really hasn’t ever struggled with occupancy.”

The care home has 31 assisted living units and seven units that are devoted to patients with memory care needs, such as Alzheimer’s or dementia. Buchanan said those services would continue.

He said The Windsor of Lawrence also would keep the current managers and staff of about 25 people. In the next few months, the care home will undergo a complete renovation and get new furnishings and decor for the rooms. Buchanan also said he thought residents and their families would notice a change in management practices.

“We’ll operate a little differently than the former owner did,” he said. “We place a lot of emphasis on personal service and accountability. I think residents and family members will notice a greater emphasis on personal service and attention.”

Lenett Hamm with the Lawrence-based Kansas Advocates for Better Care, said the Alterra property had a good history of care. She said her agency’s database didn’t show any complaints against the care home.

Buchanan said Windsor didn’t have any immediate plans to increase patient rates at the care home, other than standard cost-of-living increases.

“We bought the property on the existing rate structure and we will make that work,” Buchanan said.