American Retirement Corporation - ACR- Profile

American Retirement Corporation. The Group's principal activities are to own, operate and manage various senior living communities in the United States. These communities provide independent living, assisted living, skilled nursing services and therapy services. They also provide specialized care programs for residents with Alzheimer's disease and other forms of dementia. The Group currently operates 76 senior living communities in 14 states with an aggregate capacity for approximately 15,950 residents. It currently owns 26 communities, leases 43 communities and manages 7 communities. Retirement Centers accounted for 76% of 2005 revenues; Assisted Living Communities, 23% and Management Services, 1%