S.m.

retirement either

"This new joint venture allows both of us to expand into the fast-
growing senior assisted living pharmacy market. ATLANTA, Maggie Lopez has been named Senior Vice
President-Marketing at Uni-Ter Underwriting Management Corporation (UUMC ), a
leading provider of professional liability insurance to the health care
industry, Sanford Elsass, President and Chief Executive Officer, announced
today. RE Group, its parent
company.

----American
Retirement Corporation (NYSE:ACR) announced today that it has
scheduled a conference call on Thursday, March 3, 2005 at 11:00 a.

exclusive retirement

Walgreens Expands Senior Pharmacy Services With Joint Venture

To access the call dial (877) 252-6354.

assisted abbeyfield

exclusive groups

D.

For more information, contact: Mechlin Moore, MDM Communications, tel.

either exclusive

helps societies

Walgreens Health Services is a division of Walgreen Co.arclp.

retirement age

ET (10:00 a. Central) to discuss its financial results for the
fourth quarter of 2004 .

broken groups

SeniorMed will continue providing prescription services to residents in
assisted living, specialty care and independent communities across the
country. 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 (800) 642 -1687,
conference ID 4106775.

communities living

"
Stephen Axelrod, M.

You will
need Windows Media Player (TM) to listen to the call.

provision helps

She is a professional insurance executive with an outstanding track
record in the highly specialized field of professional liability, having
managed, underwritten , and serviced complex insurance programs for hospitals,
managed care organizations, large physician groups, and other professionals in
agency and company environments," Elsass said. In addition, UUMC specializes in Captive organization and
management, working with affiliated companies in The U.
Lopez brings more than 25 years of experience in professional liability
insurance to Uni-Ter.

Sheriff, Chairman,
President and CEO and Bryan Richardson, EVP and CFO. Please go to the
website early to download Windows Media Player (TM).

nursing senior

DEERFIELD, Ill.
"We're especially pleased to have Maggie Lopez join the senior management
team.com.

caribbean 55

E. A simultaneous WebCast of
the conference call may be accessed online at www.

exclusive nursing

"By joining with Walgreens, our medication management
and delivery model complements an already well-run and established model
through Walgreens nationwide presence ," said Axelrod. Walgreens Health Services operates
Walgreens Health Initiatives -- a pharmacy benefit management subsidiary --
and serves patients, prescription drug plans and medical plans across the
country with Walgreens Mail Service, Walgreens Home Care and Walgreens
Specialty Pharmacy. She is a graduate of Florida
International University.
239-777-1595; mmoore7412@aol.m.

provision either

The joint venture -- with Senior Healthcare
Partners LLC (known to its customers as SeniorMed Pharmacy), an Aurora , Colo.-
based pharmaceutical company -- will form a new company called SeniorMed LLC. Most importantly , the new
company will improve the way these seniors' pharmaceutical needs are met.

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.

living senior

, CEO of Senior Healthcare Partners , will continue as
CEO of SeniorMed LLC., the nation's
largest drugstore chain with fiscal 2005 sales of $42.

age caribbean

(NYSE, Nasdaq: WAG), the nation's largest drugstore chain, recently entered
into a joint venture to extend its pharmacy services to the senior and
assisted living marketplace.

She has held senior positions with Marsh USA, McNeary Insurance
Services, MAG Mutual Insurance Company, and FPIC.

American Retirement Corporation Announces Fourth Quarter 2004 Earnings Conference Call March 3 2005 at 11:00 a.m. ET

housing caribbean

The Company currently operates 67 senior living
communities in 14 states, with an aggregate unit capacity of
approximately 13,200 units and resident capacity of approximately
14,900.

sheltered generations

55+) or age-inclusive.

Facilities whose primary focus is assisted living and nursing homes are not listed in this category.

caribbean groups

"SeniorMed will be well-
positioned to provide these needed services as this age wave continues," said
Wasson.2 billion and 4,953
stores in 45 states and Puerto Rico.

Lopez Named Top Marketing Officer at Uni-Ter Underwriting Management Corp.

UUMC provides professional liability insurance to nursing homes and
affiliated assisted living facilities in 29 states.

Business Editors

NASHVILLE, Tenn.

societies senior

, Walgreen Co.

inclusive older

"
As seniors age and generally take more medications, the clinical care and
support for these patients will grow accordingly.

older exclusive

The call will be hosted by Ross Roadman, SVP,
Strategic Planning + Investor Relations , W.

The sites are broken down by country and state.

seniors inclusive

This category profiles senior housing and senior living communities that are either age-exclusive (ex.

generations caribbean

"We're excited about combining both companies ' expertise and experience to
serve these patients," said Greg Wasson, president of Walgreens Health
Services. "This will bring a
unique, new level of care to seniors in communities throughout the country. The Company also organizes
and manages Risk Retention Groups in Florida, New York, and a number of
western states. Her recent assignments include captive formation and
development of other risk financing vehicles for large health care system
clients.com. 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.