CALGARY, Alberta and MONTREAL, Quebec—FYi Health Group which operates the FYidoctors business and others in the eyecare and healthcare space, announced on Wednesday that it has reached an agreement to acquire WestGroupe, the Montreal-based eyewear company. In its announcement, FYi Health stated that WestGroupe will continue to operate independently from FYi Health. Terms of the transaction were not disclosed. "We are delighted to welcome the WestGroupe team to FYi Health Group," said Dr. Alan Ulsifer, chair, and CEO of FYi Health Group. The optical and eyecare market is changing, with new entrants constantly trying to disrupt the current procurement of eyecare and eyewear. One of the main goals of this acquisition is to work with our industry colleagues and grow as a team to advocate for fair wholesale pricing in the market. This partnership will have a material positive impact for both FYidoctors and WestGroupe customers."
 
"Since its inception, WestGroupe has strived to be a leader in the North American optical industry by constantly trying to have a forward-looking approach to our business and industry. Our focus will always be to ensure that independent ECPs have the products and programs they need to be competitive in this ever-changing marketplace," said Michael Suliteanu, president of WestGroupe. "Our partnership with FYi Health Group will allow us to develop new ways to add value to our customer base. WestGroupe will continue to operate separately under the direct management of the Suliteanu family and Mike Debono. FYi Health Group was formed with the vision that doctors joining forces would be the future of the profession and the industry. We are proud to be joining a team that has been a fierce advocate of this amazing industry we have in Canada." 
 
Established in 1961, WestGroupe is family operated with over 60 years of industry insight. WestGroupe offers a premium selection of international brands in over 40 countries, including FYSH, KLiiK denmark, EVATIK, Superflex, and OTP.
 
FYi Health Group is the new moniker for one of Canada's leading diversified healthcare organizations which operates a range of partnerships and brands. Doctor-led, professionally managed, and patient-focused, the organization states on its website that it concentrates on delivering outstanding eyecare and medical aesthetics treatments along with patient-centric products and services. Recognized as one of Canada's Best Managed Companies in 2020, 2021 and 2022, the organization operates over 300 locations across the country. FYi Health Group supports a wide array of philanthropic causes and initiatives through numerous community-centric programs and the Enhancing Life Foundation.