Bausch & Lomb
Headquarters:
One Bausch & Lomb Place
Rochester, NY 14604
Phone: (585) 338-6000
Employees: 11,000
CEO: Brent Saunders
Privately held
Website:
http://www.bausch.com
Career Site
Bausch & Lomb is a leading maker of
contact lenses and eye care products. The company has three product
lines: Vision Care, Surgical, and Pharmaceuticals.
Vision Care
- Bausch & Lomb's Vision Care business manufactures and markets
the world's most comprehensive line of eye care products.
- Soft and GP (gas permeable) contact lenses
- Lens care products for soft and GP lenses
- Eye care products, such as eye drops and ointments
- Vision accessories, such as magnifiers and eyeglass accessories
Cataract and Vitreoretinal Surgery
- Bausch & Lomb offers a comprehensive line of products for
ophthalmic surgery and is dedicated to continued innovation.
Pharmaceutical - Bausch & Lomb develops and markets prescription
and over-the-counter drugs used to treat a wide range of eye
conditions, including glaucoma, eye allergies, conjunctivitis,
and dry eye.
The company is owned by private equity firm Warburg Pincus.
History
Bausch & Lomb traces its roots to 1853,
when John Jacob Bausch, a German immigrant, set up a tiny optical
goods shop in Rochester, NY. When he needed more money to keep
the business going, Bausch borrowed $60 from his good friend,
Henry Lomb. Bausch promised that if the business grew, Lomb would
be made a full partner. The business did grow and the partnership
was formed.
In the early years, Bausch & Lomb manufactured
revolutionary rubber eyeglass frames as well as a variety of
optical products that required a high degree of manufacturing
precision. By 1903, the firm had been issued patents for microscopes,
binoculars, and even a camera shutter based on the eye's reaction
to light.
In the 1900's, Bausch & Lomb continued to demonstrate its place at the forefront of technological innovation for optical products. Bausch & Lomb produced the first optical quality glass made in America, developed ground-breaking sunglasses for the military in World War I, and created the lenses used on the cameras that took the first satellite pictures of the moon. In 1971, Bausch & Lomb introduced the first soft contact lenses.
In October 2007, private equity firm Warburg Pincus acquired Bausch & Lomb.
In February 2008, Warburg Pincus helped Bausch & Lomb acquire eyeonics, the developer and marketer of the crystalens intraocular lens (IOL), the first and only FDA-approved accommodating IOL for the treatment of cataracts.
Benefits
At Bausch & Lomb, benefits are an important component of overall compensation. We offer a benefit program that provides a choice of plan options, and allows employees to select the combination of benefit plans which will best meet individual needs. Our plans are designed to provide financial protection during sickness or disability, prepare for a secure retirement, and help you balance work and life demands. Our comprehensive program includes:
- Medical*
- Dental*
- Eye Health*
- Life and Accident*
- Short and Long Term Disability
- 401(K) Account Plan
- Health Savings Accounts
- Flexible Spending Accounts
- Employee Assistance Program*
- Wellness Programs
- Education Reimbursement
- Vacation/Holiday and Occasional Absence Paid Time Off
*Coverage available to eligible family members, including Domestic Partners.
Updated April 24, 2011
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