MetLife has achieved an settlement to get the managed vision-care firm Versant Well being from a team of traders led by Centerbridge Partners and including FFL Partners for $1.675 billion in an all-hard cash transaction.
Versant owns the market models Davis Eyesight and Superior Eyesight, which has about 35 million members. MetLife explained next the deal it would become the third-greatest vision insurance company by membership in the U.S. The firm has offered team vision considering that 2012 and it has a fifteen% market share in U.S. team gains. It explained after the acquisition it will have about 38 million vision-care members.
It is funding the deal with hard cash on hand.
“We are self-confident this acquisition will make our market-primary team gains enterprise even a lot more desirable,” Ramy Tadros, president of U.S. enterprise for MetLife, explained. “The addition of the robust Davis Eyesight and Superior Eyesight models will