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
Health Care HeroesUtah Business Event
Oct 21, 2014
Please join us, along with our sponsors, MountainStar Healthcare, and Roseman University in honor...
Content Marketing BootcampUtah Business Event
Oct 28, 2014
Please join Utah Business Magazine, along with our sponsor Adobe, for an in-depth, hands-on, educ...
Community Events View All
Disarmingly Honest Approach to Sales!
Sep 18, 2014
Do you ever leave a sales interaction frustrated that the prospect holds all the cards? You have ...
Profire Energy Ribbon Cutting
Sep 18, 2014
On September 18, 2014, Profire Energy will be unveiling its newly expanded headquarters (with 35,...

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