<== 1-800 Contacts ==>
1-800 Contacts is a site from Draper that revolutionized the way people buy contacts. The company was founded in 1995 by a certified optician who realized that patients were being dramatically overcharged for replacement contact lenses.
By ordering replacement contact lenses through a toll free number, patients were able to save hundreds of dollars.
1-800-Contacts road the Internet wave and created a robust system for ordering replacement lenses.
Optometrists were quite upset when 1-800 Contacts first went online. Requiring an expensive doctor's visit to order replacement lenses added to their bottom line. But, quite frankly, if your business model depends on overcharging patients for a product, then something is wrong with your business and not the technology that streamlines the ordering process.
Optometrists have since embraced information technology making contact lenses a viable solution for a greater portion of the public.
According to past posts on Wikipedia:
- 1-800 CONTACTS was founded by Jonathan C. Coon and John F. Nichols in 1995.
- The company had an IPO with the symbol CTAC in 1998. The initial offering was for $27.5M
- 1-800 Contacts acquired Lens Express in 2002.
- The company went private in June 2007 with assistance of Fenway Partners Capital Fund.
- Wellpoint, an insurance company, purchased 1-800 Contacts in 2012.
- In 2014, Wellpoint sold 1-800 Contacts to Thomas Le Partners.
- NOTE: 1800Contacts.com bought the domain glasses.com which it developed to sell eyewear. Wellpoint sold glasses.com to Luxottica.
- AEA Investors bought a majority stake in 1-800 Contacts from Thomas Lee Partners in 2016.
The corporate office continue to be located in Draper, Utah.
- Internet Rivers - Eyewear: 1-800 Contacts
- Utah Color - Health: 1-800 Contacts
- Salt Lake Sites - Optometry: 1-800 Contacts
- Wikipedia - 1 800 Contacts (Drawn 3/23/2017)
- SEC - Merger w/ Fenway (Drawn 3/23/2017)
- NASDAQ - CTAC IPO (Drawn 3/23/2017)
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