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

Executive Living
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
Sustainable Business Awards 2014Utah Business Event
Nov 13, 2014
Utah Business magazine along with presenting sponsor Big D Construction, premier sponsor Rocky Mo...
Best Companies to Work For 2014Utah Business Event
Dec 11, 2014
Utah Business magazine along with our sponsors Diversified Insurance and Miller Motor Sports Park...
SAMY Awards 2015Utah Business Event
Jan 23, 2015
Utah Business magazine along with Presenting Sponsor Griffin Hill are pleased to present the 201...
Community Events View All
Grief and the Holidays
Nov 3, 2014
Caring Connections: A Hope and Comfort in Grief Program will hold its annual Grief and the Holida...
Project Level 1
Nov 4, 2014
Learn your way around the industry standard in project management software. Through the use of ex...

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