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Prestige Care Inc. has agreed in principal to acquire Pinnacle Health Care as part of an aggressive build-or-buy strategy to remain a dominant player in assisted living and nursing home facilities in the West.
The deal will increase revenue of the privately held operator of nursing homes and assisted living facilities by $25 million to $106 million.
Prestige already is among the top 50 assisted living competitors in the nation, either publicly or privately operated. It's the third-largest in the Pacific Northwest after publicly traded Regent Assisted Living and Assisted Living Concepts.
Prestige also is easily the largest nursing home operator in …