Nippon Life to acquire Nichii Holdings for ¥210bn

Written by Michael Griffiths

01/12/2023

Nippon Life has agreed a deal worth ¥210bn (£1.1bn) to acquire Nichii Holdings, the parent company of medical care provider, Nichiigakkan.

The deal will see the Japanese insurer acquire a 99.6% stake in Nichii Holdings from funds advised by Bain Capital as well as other shareholders.

Nichii Holdings has established strong long-term positions in contracted medical administration, nursing, and childcare businesses through its core company, Nichiigakkan.

The transaction, which will be funded by Nippon Life in cash, remains subject to customary approvals by the relevant authorities.

“The company and Nichii Holdings have collaborated in various domains since entering into a business alliance in 1999,” a statement from Nippon Life said.

“By increasing operational activity, productivity, and sustainability through this transaction, we aim to provide further comfort to our customer and to realise a society in which all generations can live comfortably.”

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