WellPoint Scoops Up 1-800 CONTACTS From Fenway Partners

Law360, New York (June 4, 2012, 4:56 PM EDT) -- New York middle-market private equity firm Fenway Partners has agreed to sell Utah contact lens retailer 1-800 CONTACTS Inc. to Indiana health insurance company WellPoint Inc., the companies said Monday.

WellPoint said it had agreed to buy 1-800 CONTACTS, a Fenway portfolio company since 2007, for an undisclosed sum.

The deal is expected to close in the third quarter. WellPoint said it would finance the deal with cash on hand.

Additional terms of the acquisition were not immediately available. Representatives for WellPoint and Fenway were not...
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