Kirk Rothrock, CEO, Superior Vision.
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LINTHICUM, Md.—Superior Vision Corp, a leader in managed vision care, announced that it has entered into an agreement to be acquired by Centerbridge Partners, L.P., a leading private investment firm, from Nautic Partners, LLC. The company is presently owned by Nautic and management.

Superior Vision is a comprehensive eyecare company with member-centric solutions for the group, Medicare and Medicaid markets. The company serves more than 11 million members and supplies access to the broadest and most diverse eyecare provider network in the industry. Superior Vision's unique network covers each market segment, including specialized eyecare chains, mass-market retailers, boutique retailers and independent vision care providers.

“We are excited to partner with Centerbridge,” said Kirk Rothrock, CEO of Superior Vision. “We have delivered outstanding growth by providing our members superior service, access and choice. Centerbridge’s expertise in health care and financial services and its track record of partnership with its portfolio companies will help us continue to create long-term sustainable value. We look forward to building on our successes with our new investors,” Rothrock concluded.

Dan Osnoss, managing director of Centerbridge, said, “We look forward to supporting the company and its management team through its next phase of growth and development. As a leading independent vision managed care company, Superior Vision is well positioned for continued expansion in both the commercial group and government pay markets.”

The transaction is expected to close following the satisfaction of customary closing conditions and approvals by the end of the first quarter of 2016.

Houlihan Lokey acted as financial advisor, and Locke Lord acted as legal counsel to Superior Vision. Macquarie Capital (USA) acted as financial advisor, and Willkie Farr & Gallagher acted as legal counsel to Centerbridge.

Centerbridge Partners, L.P., based in New York, is a private investment firm with approximately $25 billion in capital under management. The firm focuses on private equity and credit investments and is dedicated to partnering with world-class management teams across targeted industry sectors to help companies achieve their operating and financial objectives.