MetLife has arrived at an settlement to acquire the managed vision-care enterprise Versant Wellness from a group of investors led by Centerbridge Companions and which includes FFL Companions for $1.675 billion in an all-funds transaction.
Versant owns the marketplace brand names Davis Vision and Top-quality Vision, which has about 35 million users. MetLife explained adhering to the offer it would grow to be the 3rd-biggest vision insurer by membership in the U.S. The enterprise has available group vision since 2012 and it has a 15% marketplace share in U.S. group gains. It explained just after the acquisition it will have about 38 million vision-care users.
It is funding the offer with funds on hand.
“We are self-confident this acquisition will make our marketplace-main group gains organization even far more attractive,” Ramy Tadros, president of U.S. organization for MetLife, explained. “The addition of the powerful Davis Vision and Top-quality Vision brand