• DEALS

    Search by

FYiHealth Group to acquire WestGroupe

On September 14, 2022, FYiHealth Group, an Alberta-based healthcare organization backed by L Catterton, acquired WestGroupe, a Quebec-based eyewear manufacturer and distributor. The transaction's value and details about legal advisors were not disclosed in the article. Following the acquisition, WestGroupe will operate independently under the Suliteanu family and Mike Debono's direct management.

Alan Ulsifer, Chair and CEO of FYiHealth Group, expressed excitement about incorporating WestGroupe into their group. He emphasized the evolving nature of the optical and eyecare market, highlighting the need to advocate for fair wholesale pricing. Ulsifer noted that the acquisition would positively impact both FYi doctors and WestGroupe customers.

Michael Suliteanu, President of WestGroupe, remarked on their company's dedication to leading the North American optical industry with a forward-looking approach. He emphasized the commitment to supporting independent Eye Care Professionals (ECPs) with competitive products and programs. Suliteanu recognized the acquisition by FYiHealth Group as an opportunity to innovate and add value for their customers. He lauded FYiHealth Group's vision of uniting doctors as the future of the profession and industry, expressing pride in joining a team advocating for the optical industry in Canada.

Company

FYiHealth Group

Law Firm / Organization
FYiHealth Group

Company

WestGroupe

Law Firm / Organization
Blake, Cassels & Graydon LLP
Merger & Acquisition
Healthcare
Undisclosed/Confidential
Active