MetLife Boosts Group Benefits Business With Acquisition
MetLife, Inc. MET recently inked a definitive agreement to acquire Versant Health, which is a leader in vision care and owner of renowned Davis Vision and Superior Vision, from private investor group headed by Centerbridge Partners.
Subject to customary approval, the all-cash transaction valued at $1.675 billion is likely to conclude by the end of fourth-quarter 2020.
Benefits of the Deal
The deal will enable MetLife to have access to around 35 million members of Versant Health, which in turn, is likely to enhance its vision benefit offering. Notably, MetLife has an impressive record of providing group vision insurance to customers since 2012. The latest deal will not only make it the third largest U.S. vision insurer with around 38 million members but also benefit clients, who will have access to the largest provider and plan options network of Versant Health.
Apart from making MetLife a leader in managed vision
Newspaper is a printed paper which carries news and views of property and abroad to us. Newspaper comes out each day with news and advertisement. I might be misremembering my bible studies, but I do not feel September 11 was pointed out, partly since the notion of September did not exist, and as America does not base its capitalism on the idea of Jubilee on either the 7 or 49 year cycle, it really is unlikely to be relevant. This signifies that any individual can post about the events in Italy from politics and economy up to entertainment and the newest in technological gadgets. So, before you start off hunting for funding, the 1st point you require to do is prepare a enterprise plan.