Extendicare Closes Acquisition Of Assisted Living Concepts

MARKHAM, ONTARIO--(CCNMatthews - Jan. 31, 2005) - Extendicare Inc. (TSX:EXE.MV)(TSX:EXE.SV)(NYSE:EXE), and its wholly owned U.S. subsidiary, Extendicare Health Services, Inc. (EHSI), announced it has closed the acquisition of Assisted Living Concepts, Inc. (ALC) of Dallas, Texas (OTC. BB: ASLC). The transaction was approved at an ALC shareholders meeting held earlier today.

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