Versant Health Holdco, Inc.
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Versant Health Holdco, Inc. - overview
Established
2017
Location
Linthicum, MD, US
Primary Industry
Insurance
About
Versant Health is a provider of comprehensive vision care benefits, focusing on enhancing eye health for employees and supporting businesses' financial well-being through tailored insurance plans and quality eyewear. Versant Health Holdco, Inc. was founded in 2017 and is headquartered in Linthicum, US. The company specializes in vision care benefits to improve employee eye health.
In September 2020, MetLife Services and Solutions, LLC agreed to acquire Versant Health for USD 1. 675 bn in cash. The deal is expected to close in Q4 2020. Kirk Rothrock is the CEO of the company.
Versant Health specializes in providing comprehensive vision care benefits that improve employee eye health while supporting businesses financially. Their main offerings include vision insurance plans that provide access to a network of credentialed providers and high-quality eyewear produced in their automated manufacturing lab. The company addresses regulatory compliance and overall employee wellness, catering to a diverse clientele, including various employers in the United States. Versant Health generates revenue by partnering with employers and organizations to offer vision benefits.
Their business-to-business model includes subscription-based vision plans with varying coverage tiers, where employers pay a predetermined fee for employee access to a wide network of vision care providers. They also collaborate with retail and wholesale outlets to distribute their branded eyewear, such as Davis Vision® and Superior Vision®, ensuring high-quality vision care is accessible to a wide range of consumers. The recent acquisition of Versant Health by MetLife Services and Solutions, LLC for USD 1. 675 bn is expected to bolster its growth strategies.
The deal, which is anticipated to close by Q4 2020, will provide the company with additional resources to enhance its product offerings and services. Versant Health aims to leverage this acquisition to expand its market reach and enhance its vision care solutions, focusing on increased accessibility and improved employee wellness initiatives.
Primary Industry
Insurance
Sub Industries
Health Insurance, Insurance Intermediaries
Website
http://www.versanthealth.com
Total Amount Raised
Subscriber access only
Versant Health Holdco, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Versant Health Holdco, Inc. | - | ||||||||
| Merger | Completed | Davis Vision, Inc., Superior Vision Services, Inc. | - |
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Versant Health Holdco, Inc. - employee data
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