Five Star Quality Care, Inc. Completes $45.5 Million Acquisition

Newton, MA (April 1, 2002): Five Star Quality Care, Inc. (AMEX: FVE) today announced that it has completed its previously announced acquisition of five (5) senior living communities for $45.5 million. These five communities contain 704 living units, including 531 independent living apartments and 173 assisted living suites. These communities are currently 88% occupied and 100% of the revenues are paid from residents' private resources. The properties were purchased from an affiliate of ILM-II Senior Living Inc. (OTC: XXSLM).

Five Star Quality Care, Inc. is a senior living facility operator. FVE owns, leases and operates 92 facilities with 13,402 separate living units located in 22 states. These facilities include independent living and congregate care communities, assisted living facilities and nursing homes. FVE is headquartered in Newton, Massachusetts.

Source: Five Star Quality Care, Inc. Press Release