WellPoint divests online contact lens subsidiary

|By:, SA News Editor

WellPoint (WLP) is selling 1-800-CONTACTS to PE firm Thomas H. Lee Partners and has entered into "an asset-purchase agreement for glasses.com and its virtual try-on technology."

Financial terms weren't disclosed, but WLP says it will use the proceeds to "support ... continued capital deployment strategies."

WLP will record an impairment charge of $0.52-0.57 for Q4. (PR)