<PAGE>
Filed Pursuant to Rule 424(b)(3)
SEC File No. 333-43995
Prospectus Supplement dated June 24, 1998
to Prospectus dated May 7, 1998
ATRIA COMMUNITIES, INC.
5.0% Convertible Subordinated Notes Due 2002
This prospectus supplement amends and supplements the Selling
Securityholder table on pages 29-31 of the Prospectus dated May 7, 1998, to read
in its entirety as set forth below:
<TABLE>
<CAPTION>
PRINCIPAL
AMOUNT OF NOTES COMMON STOCK
BENEFICIALLY OWNED OWNED PRIOR COMMON STOCK
NAME OF SELLING SECURITYHOLDER AND OFFERED HEREBY TO OFFERING (1) OFFERED HEREBY
------------------------------- ------------------ --------------- --------------
<S> <C> <C> <C>
Aim Balanced Fund.......................... $ 4,500,000 215,682 215,682
Annuity Board of Southern Baptist
Convention................................ 750,000 35,947 35,947
Argent Classic Convertible Arbitrage Fund
(Bermuda) L.P............................. 2,000,000 95,858 95,858
Associated Electric & Gas Insurance Services
Limited................................... 200,000 9,585 9,585
Bancroft Convertible Fund, Inc............. 750,000 35,947 35,947
Banker's Trust International............... 5,000,000 239,647 239,647
BT Alex Brown.............................. 8,665,000 415,308 415,308
CFW-C, L.P................................. 2,000,000 95,858 95,858
Chase Vista Growth & Income Fund........... 5,000,000 239,647 239,647
Chrysler Corporation Master Retirement
Trust..................................... 665,000 31,873 31,873
Combined Insurance Company of America...... 190,000 9,106 9,106
Delaware Group Dividend and Income Fund,
Inc....................................... 1,240,000 59,432 59,432
Delaware Group Global Dividend and Income
Fund, Inc................................. 535,000 25,642 25,642
Delaware Group Premium Fund, Inc
Convertible Securities Series............. 125,000 5,991 5,991
Deutsche Bank A.G.......................... 16,350,000 783,646 783,646
</TABLE>
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<TABLE>
<CAPTION>
PRINCIPAL
AMOUNT OF NOTES COMMON STOCK
BENEFICIALLY OWNED OWNED PRIOR COMMON STOCK
NAME OF SELLING SECURITYHOLDER AND OFFERED HEREBY TO OFFERING (1) OFFERED HEREBY
------------------------------- ------------------ --------------- --------------
<S> <C> <C> <C>
Donaldson Lufkin & Jenrette Securities Corp.... 23,360,000 1,119,631 1,119,631
Ellsworth Convertible Growth and Income
Fund, Inc..................................... 750,000 35,947 35,947
Forest Alternative Strategies Fund A-5......... 3,100,000 148,581 148,581
Forest Alternative Strategies Fund A-5I........ 300,000 14,378 14,378
Forest Alternative Strategies Fund A-5M........ 5,300,000 254,026 254,026
Forest Global Convertible Fund Series A-5...... 400,000 19,171 19,171
Gabelli Asset Management, Inc.................. 75,000 3,594 3,594
The Guardian Life Insurance Company of
America....................................... 9,500,000 455,329 455,329
The Guardian Life Insurance Company of
America Master Pension Trust.................. 500,000 23,964 23,964
Highbridge Capital Corporation................. 5,600,000 268,404 268,404
KA Management Ltd.............................. 670,000 32,112 32,112
KA Trading L.P................................. 330,000 15,816 15,816
Laterman & Company............................. 150,000 7,189 7,189
Lipper Convertibles, L.P....................... 2,000,000 95,858 95,858
Lipper Offshore Convertibles, L.P.............. 1,000,000 47,929 47,929
LLT Limited.................................... 200,000 9,585 9,585
Maril & Co..................................... 250,000 14,482(2) 11,982
OCM Convertible Trust.......................... 640,000 30,674 30,674
Offshore Strategies, Ltd....................... 350,000 16,775 16,775
Oppenheimer Total Return Fund, Inc............. 3,950,000 189,321 189,321
Pacific Horizon Capital Income Fund............ 1,140,000 54,639 54,639
Pacific Life Insurance Company................. 1,000,000 47,929 47,929
Partner Reinsurance Company Ltd................ 85,000 4,074 4,074
Phoenix Convertible Fund....................... 1,000,000 47,929 47,929
Societe Generale Securities Corp............... 2,400,000 115,030 115,030
SoundShore Partners, L.P....................... 6,250,000 299,559 299,559
</TABLE>
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<TABLE>
PRINCIPAL
AMOUNT OF NOTES COMMON STOCK
BENEFICIALLY OWNED OWNED PRIOR COMMON STOCK
NAME OF SELLING SECURITYHOLDER AND OFFERED HEREBY TO OFFERING (1) OFFERED HEREBY
------------------------------- ------------------ --------------- --------------
<S> <C> <C> <C>
State Employees Retirement Fund of the State
of Delaware.................................. 305,000 14,618 14,618
Swiss Bank Corporation-London Branch.......... 2,000,000 95,858 95,858
TQA Arbitrage Fund, L.P....................... 1,120,000 53,680 53,680
TQA Leverage Fund, L.P........................ 445,000 21,328 21,328
TQA Vantage Fund, Ltd......................... 450,000 21,568 21,568
TQA Vantage Plus, Ltd......................... 235,000 11,263 11,263
</TABLE>
(1) Includes the shares of Common Stock issuable upon conversion of the Notes
and at the Conversion Price, excluding fractional shares. Fractional shares
will not be issued upon conversion of the Notes; rather, cash will be paid
in lieu of fractional shares, if any. The Conversion Price and the number
of shares of Common Stock issuable upon conversion of the Notes are subject
to adjustment under certain circumstances. See "Description of Notes --
Conversion of Notes." Accordingly, the number of shares of Common Stock
issuable upon conversion of the Notes may increase or decrease from time to
time. The Company and the Trustee expect to enter into the Supplemental
Indenture, which will become effective at the effective time of the Merger.
The Supplemental Indenture will provide that, from and after the effective
time of the Merger, each of the Notes will cease to be convertible into
shares of Common Stock, but will be convertible solely into an amount of
cash, without interest, equal to the product of (x) the number of shares of
Common Stock into which such Note was convertible immediately prior to the
effective time of the Merger, and (y) $20.25.
(2) Includes 2,500 shares of Common Stock beneficially owned by the Selling
Securityholder in addition to the shares of Common Stock issuable upon
conversion of the Notes.
