|The boards of Mariner Health Group and Pinnacle Care Corp. last week agreed to merge through a tax-free stock swap valued at $104 million. Mariner, a Mystic, Conn.-based provider of acute and subacute care, operates 11 freestanding inpatient facilities. It also manages a total of 90 subacute-care beds in two acute-care hospitals. Company executives said the deal will give Mariner 13 additional nursing facilities in which to implement subacute-care programs. The merger is expected to be completed in April. Nashville, Tenn.-based Pinnacle is privately held; it operates 13 skilled-nursing centers and 27 outpatient rehabilitation clinics.
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