FYidoctors | Visique Expansion Continues With Acquisition of 22-Location Grimard Optique of Quebec

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CALGARY, Alberta—FYidoctors | Visique, an optometrist-owned eyecare company based here, announced Thursday that it has acquired Grimard Optique, a Quebec-based vision care and retail chain with 22 locations. Grimard has been serving Canadians for more than 39 years, with the majority of its locations in Quebec and others in Manitoba, New Brunswick and Nova Scotia, according to the announcement. The terms of the deal were not disclosed. Grimard Optique employs 148 staff members (including more than 45 optometrists and 40 opticians) who are “dedicated to providing optimal quality eyecare to its patients and are excited to continue doing so,” the announcement noted.

With this acquisition, FYidoctors | Visique will now oversee more than 290 locations across Canada, including 70 of which were added in 2019, the announcement noted.

“I am thrilled to continue our aggressive growth with the acquisition of Grimard,” FYidoctors | Visique chairman and chief executive officer Dr. Alan Ulsifer said. “Specifically, I am excited about the strength it will now give us in Montreal – the sixth- fastest growing metropolitan area in Canada and the United States. It is of critical importance for us to add value and provide solutions to clinics that join our family and we deliver that through financial strength and systems in place.”

He added, “We have worked extremely hard building the scalable infrastructure that allows us to realize this potential and are delighted with pace we are now growing at. This is just the beginning.”

Grimard locations will continue to operate under their current banner for the immediate future while FYidoctors evaluates how to merge the existing brand into the FYidoctors | Visique family. For patients who have recently purchased products and/or services from Grimard, warranties and guarantees will remain to be honored under the ownership change, according to the announcement.

“The Grimard Optique team is delighted to join the FYidoctors | Visique family,” Robert Grimard, president of Grimard Optique, said. “Both our organizations share the same vision for what eyecare should be, making this a move which feels very natural. FYidoctors | Visique has shown impressive growth in the Canadian market and with the addition of Grimard Optique, they have solidified their presence in Quebec.”