February 5, 2014

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah

Sections

Spotlight
Martin Plaehn

Spotlight
Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

TechKnowledge
In the Lab

EntrepreneurEdge
Rent to Own

Business Trends
Back from the Dead

Living Well
Artful Inspiration

Features
A Breath of Fresh Air

Features
Worst-Case Scenario

Regional Report
Northern Utah

Focus
Measure Up

Industry Outlook
Travel & Tourism

Players
Players

Article

1-800 CONTACTS Sold to Private Equity Firm

By Devin Felix

February 5, 2014

Draper — 1-800 CONTACTS has been sold by WellPoint, Inc. to private equity firm Thomas H. Lee Partners, L.P. (THL). Financial terms of the transaction were not disclosed. WellPoint and THL had signed a definitive agreement to sell the online contact lens retailer last month.

Tim Roush, chief marketing officer of 1-800 CONTACTS, said the company doesn’t anticipate significant changes in its Utah operations. “The leadership of this company is fully committed to Utah,” Roush said.

WellPoint, a health benefits company, sold 1-800 CONTACTS in order to focus more on its healthcare services during changes to the national healthcare system.

1-800 CONTACTS’ founder and chief executive officer Jonathan Coon will retire from his position and the company’s current president, Brian Bethers, will succeed him as CEO.

“On behalf of all of us at 1-800 CONTACTS, I want to thank Jonathan Coon for his vision in founding this company, his leadership in developing our culture, and his commitment to enhancing our technology platform and tools on which we will continue to build,” Bethers said.

 

Utah Business Social
UB Events View All
Fast 50 Utah Business Event
Aug 27, 2015
The top 50 companies will be selected based on a combination of revenue growth and revenue gene...
Job Summit - POSTPONED UNTIL FALL 2015 Utah Business Event
Sep 24, 2015
NOTE: The date listed below is not secured. We will update as the event gets closer. Thank you ...
Community Events View All
Sandler Foundational Selling Strategies
Jun 30, 2015
How committed are you to improving your sales process, techniques and mindset? Sandler Trainin...
Mind Mastery Revealed: How To Get What You Want This Year With Your Brain!
Jul 7, 2015
Do you self sabotage? Are you spinning your wheels with the same goals over and over? Are you ...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel