Nippon Life Insurance plans to acquire Nichii Holdings, the parent company of nursing care provider Nichiigakkan, for about 210 billion yen ($1.41 billion), a Nippon Life spokesperson said on Tuesday, as the country's population ages rapidly. Nippon Life has agreed to buy a 99.6% stake in Nichii Holdings from a fund linked to Bain Capital and other shareholders, the spokesperson said. The company, however, is still in talks with regulators to get approval for the deal, the spokesperson added.