WellPoint Completes Acquisition of 1-800 CONTACTS, Inc.
INDIANAPOLIS—WellPoint, Inc. (NYSE:WL) said it had completed its acquisition of 1-800 CONTACTS, Inc. on June 20. The deal between the major health insurance company and Draper, Utah-based 1-800 was announced on June 4, as
reported by VMail.
Angela F. Braly.
1-800 CONTACTS is the largest direct-to-consumer retailer of contact lenses in the U.S. Through its website, for contact lenses, and its Glasses.com site for eyeglasses, the company serves approximately 3.3 million consumers, WellPoint said.
"We are extremely pleased to finalize our agreement even sooner than anticipated," said Angela F. Braly, chair, president and chief executive officer of
WellPoint. "1-800 CONTACTS is an extraordinary company and we look forward to working together to deliver greater value to consumers and convenient access to care. WellPoint and 1-800 CONTACTS have complementary capabilities and assets, and we can now focus on leveraging 1-800 CONTACTS' industry-leading platform to help grow direct-to-consumer relationships across the country and further supplement and expand our vision business."
1-800 CONTACTS will remain headquartered in Draper, Utah, and becomes a wholly owned operating division of WellPoint.
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