EXHIBIT 99.1

                         ASSISTED LIVING CONCEPTS, INC.

               PORTLAND, OREGON, OCTOBER 29, 2001 -- On October 1, 2001,
Assisted Living Concepts, Inc. (AMEX:ALF), a national provider of assisted
living services (the "Company"), and its wholly owned subsidiary, Carriage House
Assisted Living, Inc. ("Carriage House") each filed a voluntary petition under
Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for
the District of Delaware in Wilmington (the "Court") (cases no. 01-10674 and
01-10670, respectively). The Company and Carriage House are operating as
debtors-in-possession, which will allow the Company and Carriage House to
continue operations during their bankruptcy cases. On October 3, 2001, the Court
issued an Interim Order approving debtor-in-possession financing ("DIP
Facility") with Heller Healthcare Finance, Inc. ("Heller") in the principal
amount of $4.4 million, on which the Company drew the initial amount of $1.0
million on October 4, 2001. On October 19, 2001, the Court issued its Final
Order of the DIP Facility and also approved the Company's guaranty of the
Meditrust Acquisition described below, among other things. On October 26, 2001,
the Company and Carriage House filed a First Amended Plan of Reorganization and
a First Amended Disclosure Statement, which amended the previous filings to
account for developments in the bankruptcy cases from and after October 1, 2001
and to provide additional disclosure about certain treatment of claims against
and interests in the debtors. A copy of the First Amended Plan of Reorganization
and a First Amended Disclosure Statement filed with the Court may be obtained
from the Court's website at www.deb.uscourts.gov.

               On October 24, 2001, the Company, through its wholly-owned
subsidiary Texas ALC Partners, L.P. ("Texas ALC"), acquired for a total cash
consideration of $ 23.5 million sixteen assisted living residence properties
previously leased by Texas ALC from T and F Properties, L.P. (the "Meditrust
Properties" and the acquisition by Texas ALC, the "Meditrust Acquisition"). The
Meditrust Acquisition is pursuant to the exercise of an option granted by T and
F Properties, L.P. to Texas ALC on September 25, 2001. The Meditrust Acquisition
is financed by an existing debt facility of certain subsidiaries of the Company
with Heller, which was amended on October 3, 2001 to include the financing of
the Meditrust Acquisition (as amended, the "Heller Loan Agreement"). In
connection with the Meditrust Acquisition, Texas ALC has become a borrower under
the Heller Loan Agreement pursuant to a joinder thereof and the Meditrust
Properties serve as collateral for repayment of the Heller Loan Agreement and
the DIP Facility.

               On October 25, 2001, the Company was notified that the Securities
and Exchange Commission granted the application filed by the American Stock
Exchange (AMEX) to strike the Company's common stock and its two series of
convertible subordinated debentures from listing and registration on AMEX
effective as of the opening of business on October 26, 2001. The Company may
seek to have its common stock quoted on the OTC Bulletin Board. Historically,
the OTC Bulletin Board has been a less developed market providing lower trading
volume than the national securities exchanges and NASDAQ. However, there is no
guarantee


                             Exhibit 99.1 -- Page 1




that the Company will attempt to have or succeed in having its common stock
quoted on the OTC Bulletin Board.

               This press release and statements made by or on behalf of
Assisted Living Concepts relating hereto may be deemed to constitute
forward-looking statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements may be affected by risks and uncertainties, including, but not
limited to, the Company's ability to complete the restructuring in a timely
fashion, the likelihood that the Company's securities will trade on the OTC
Bulletin Board, the Company's ability to control costs and improve operating
margins, the degree to which the Company's future operating results and
financial condition will be affected by any litigation, the possibility that the
Company will experience a decrease in occupancy in its residences, which would
adversely affect residence revenues and operating margins, the Company's ability
to operate our residences in compliance with evolving regulatory requirements,
the degree to which the Company's future operating results and financial
condition may be affected by a reduction in Medicaid reimbursement rates, and
other risks described in the Company's filings with the Securities and Exchange
Commission. The inability of the Company to implement the Prenegotiated Plan
under Chapter 11 of the U.S. Bankruptcy Code (or any significant delay in
effecting such restructuring) could have a material adverse affect upon the
Company. The Company does not undertake any obligation to publicly release any
revisions to any forward-looking statements contained herein to reflect events
and circumstances occurring after the date hereof or to reflect the occurrence
of unanticipated events.

CONTACT INFORMATION:

Wm. James Nicol, Chairman, President and Chief Executive Officer
(503) 252-6233

Drew Q. Miller, Senior Vice President, Chief Financial Officer and Treasurer
(503) 408-5293


                                    Exhibit 99.1 -- Page 2