Nippon Life completed the acquisition of Nichii from Bain Capital for $1.41bn.

Nippon Life Insurance, a provider of insurance and asset management services, completed the acquisition of Nichii, a healthcare services provider, from Bain Capital, an investment firm, for $1.41bn. This acquisition echoes the ongoing trend of consolidation within the healthcare industry as enterprises strive to fortify their standing in a market forecasted to experience a surge in demand for elderly care services. By acquiring Nichii Gakkan, Nippon Life seeks to diversify its portfolio, augmenting its revenue streams and offerings. The deal also paves the way for the creation of a comprehensive platform that seamlessly merges insurance and care services, thereby bolstering its appeal to the elderly demographic.