MetLife has reached an arrangement to buy the managed eyesight-care corporation Versant Wellness from a team of buyers led by Centerbridge Partners and together with FFL Partners for $one.675 billion in an all-funds transaction.
Versant owns the market manufacturers Davis Eyesight and Superior Eyesight, which has about 35 million members. MetLife explained following the offer it would develop into the 3rd-most significant eyesight insurer by membership in the U.S. The corporation has provided team eyesight given that 2012 and it has a fifteen% industry share in U.S. team benefits. It explained after the acquisition it will have about 38 million eyesight-care members.
It is financing the offer with funds on hand.
“We are self-confident this acquisition will make our industry-leading team benefits business even additional desirable,” Ramy Tadros, president of U.S. business for MetLife, explained. “The addition of the powerful Davis Eyesight and Superior Eyesight manufacturers will straight away establish