Versant Health, Owner of Davis Vision and Superior Vision, Acquired by MetLife for $1.675 Billion

September 18, 2020

Willkie represented Versant Health in the transaction.

On September 17, MetLife, Inc. (NYSE: MET) announced it has entered into a definitive agreement to acquire managed vision care company Versant Health from an investor group led by Centerbridge Partners and including FFL Partners for approximately $1.675 billion in an all-cash transaction. Versant Health owns the well-established marketplace brands Davis Vision and Superior Vision.

Versant Health is a leading managed vision care company. Through its Davis Vision plans and Superior Vision plans, it provides vision and eye health solutions that range from routine vision benefits to medical management to customers including commercial groups, individuals, third parties, and health plans that serve government-sponsored programs.

MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates, is one of the world's leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 markets globally.

The Willkie team was led by partners Rosalind Kruse and Howard Block and included partner Allison Tam, counsel Yevgeniy Markov, and associates Hugh McLaughlin and Christian Bonser.