American Retirement Corporation Announces Third Quarter 2003 Conference Call November 6, 2003, at 11 a.m. ET.

Business Editors

NASHVILLE, Tenn.--(BUSINESS WIRE)--Nov. 3, 2003

American Retirement Corporation (NYSE:ACR) announced today that it has scheduled a conference call on Thursday, November 6, 2003 at 11:00 a.m. ET (10:00 a.m. Central) to discuss its financial results for the third quarter of 2003. The call will be hosted by Ross Roadman, SVP, Strategic Planning & Investor Relations, W.E. Sheriff, Chairman, President and CEO and Bryan Richardson, EVP and CFO.

To access the call dial [phone]. A simultaneous WebCast of the conference call may be accessed online at www.arclp.com. You will need Windows Media Player(TM) to listen to the call. Please go to the website early to download Windows Media Player(TM). Starting two hours after the call, a recording of the WebCast call will be archived on the company's website or be available by calling [phone], conference ID 3800106.

COMPANY PROFILE

American Retirement Corporation is a national senior living and health care services provider offering a broad range of care and services to seniors. Established in 1978, the Company believes that it is a leader in the management of senior living communities, including independent living communities, continuing care retirement communities, free-standing assisted living communities, and specialized care programs for residents with Alzheimer's and other forms of dementia. The Company currently operates 65 senior living communities in 14 states, with an aggregate unit capacity of approximately 12,900 units and resident capacity of approximately 14,500.