MetLife has reached an arrangement to purchase the managed vision-treatment organization Versant Well being from a team of investors led by Centerbridge Associates and which include FFL Associates for $1.675 billion in an all-cash transaction.
Versant owns the marketplace brands Davis Vision and Superior Vision, which has about 35 million users. MetLife reported pursuing the offer it would become the third-premier vision insurance company by membership in the U.S. The organization has provided team vision considering that 2012 and it has a 15% market share in U.S. team benefits. It reported right after the acquisition it will have about 38