<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE AUDITED CONSOLIDATED BALANCE SHEET AND CONSOLIDATED STATEMENT OF OPERATIONS OF ALTERNATIVE LIVING SERVICES, INC., FILED WITH THE COMPANY'S FORM 10-K FOR THE PERIOD ENDED DECEMBER 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS AND RELATED FOOTNOTES. THE FOLLOWING RESTATED FINANCIAL DATA SCHEDULES HAVE BEEN PROVIDED TO RESTATE ALL PREVIOUS FILED FINANCIAL DATA SCHEDULES GIVING EFFECT TO THE STERLING MERGER WHICH HAS BEEN ACCOUNTED FOR AS A POOLING-OF-INTERESTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 79,838 <SECURITIES> 90,000 <RECEIVABLES> 6,120 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 198,833 <PP&E> 333,113 <DEPRECIATION> 9,500 <TOTAL-ASSETS> 553,552 <CURRENT-LIABILITIES> 69,305 <BONDS> 318,069 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 165,420 <OTHER-SE> (21,523) <TOTAL-LIABILITY-AND-EQUITY> 553,552 <SALES> 130,744 <TOTAL-REVENUES> 130,744 <CGS> 0 <TOTAL-COSTS> 143,177 <OTHER-EXPENSES> 112 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,932 <INCOME-PRETAX> (8,263) <INCOME-TAX> 0 <INCOME-CONTINUING> (8,263) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (8,263) <EPS-PRIMARY> (0.44) <EPS-DILUTED> (0.44)