FYiHealth Group

Name

FYiHealth Group

Legal name

FYidoctors

Website

https://fyihealthgroup.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Optometry and Eye Care Services

NAICS

Offices of Optometrists (621320), Optical Goods Retailers (456130), Ophthalmic Goods Manufacturing (339115)

SIC

Services-Offices & Clinics Of Doctors Of Medicine (8011), Ophthalmic Goods (3851)

akta.pro primary industry

Optometry Clinics (Primary Eye Care) (HLAKAKAB)

akta.pro secondary industries

Optical Dispensing & Eyewear Retail (Glasses/Frames/Lenses) (HLAKAKAL), Optical Dispensing & Eyewear Devices (Frames, Lenses, Lens Edging/Finishing Equipment) (HLAHAJAD)

Keywords

• Optometry services
• Optical retail
• Lens manufacturing
• Eye care clinics
• Prescription eyewear

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Optometry Services: Eye exams and clinical services delivered through owned and partner clinics across Canada
2. Optical Retail: Sale of prescription eyewear, glasses, sunglasses, and optical products through clinic locations and retail stores under multiple brands including BonLook, solis optics, and in-clinic optical departments
3. Lens Manufacturing: In-house lens manufacturing at Delta Lab facility. Vertically integrated manufacturing producing custom lenses for own clinic network with excess capacity sold to external customers. Production capacity of over 3,200 orders per day and over 1 million pairs annually.
4. Partnership/Acquisition Services: Mergers and acquisitions of independent optometry practices. The company completed 22 mergers and acquisitions in 2025, expanding to 370 locations.

Go-to-market motion3 records

Distribution channels8 records

Marketing channels7 records

Core offering

FYiHealth Group is a doctor-led, vertically integrated eye care platform operating optometry clinics, retail optical stores, and a centralized lens manufacturing facility (Delta Lab) across Canada and the United States under multiple brands including FYidoctors, Visique, Grimard Optique, BonLook, solis optics, and FYidoctors USA. The company delivers comprehensive vision care from eye exams through customized lens manufacturing to eyewear retail, and grows through mergers and acquisitions of independent optometry and optical retail practices, offering partner optometrists clinical autonomy, equity participation, and access to proprietary technology and centralized operations.

Product overview

FYiHealth Group operates a diversified healthcare platform centered on optometry and optical retail, consisting of multiple brands including FYidoctors (core optometry network), Visique (Quebec operations), BonLook (Montreal eyewear), solis optics (retail optical chain), Grimard Optique (acquired optical chain), and FYidoctors USA (US expansion). The company is doctor-led and professionally managed, offering end-to-end vision care from exam to eyewear through its vertically integrated model. The group includes Delta Lab, Canada's largest lens manufacturing facility producing over 1 million customized lenses annually, and provides specialty services including myopia management, dry eye care, and medical aesthetics. Additional offerings include mobile clinic services for underserved communities and the Future Vision Leaders program supporting new optometry graduates.

Differentiator

Problem solved

Functional benefit

Products and services

• Comprehensive Eye Care and Vision Exams

Quantifiable outcome

• Over 1 million pairs of customized lenses produced annually at Delta Lab
• +3 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature12 records

Partnerships

15 partnerships are on record, tiered major, strategic, core, minor, community and technology.

• Dermapure / Functionalab GroupmajorStrategic or Co-development Partner · 1 December 2022Acquisition of medical aesthetics brands expanding the organization's presence in the medical aesthetics sector
• California Clinics (6 locations)majorStrategic or Co-development Partner · 1 August 2021FYidoctors USA expansion through 6 clinic mergers in Los Angeles, San Jose and Mountain View, California
• Grimard OptiquemajorStrategic or Co-development Partner · 1 December 2019Acquisition of Grimard Optique adding more than 70 new clinics and locations
• Factory Optical / Optiks InternationalmajorStrategic or Co-development Partner · 1 December 2019Acquisition expanding retail optical footprint
• Vision ExpertsmajorStrategic or Co-development Partner · 1 December 2019Acquisition expanding clinic network
• ReNue (Medical Aesthetics)majorStrategic or Co-development Partner · 1 December 2019Acquisition expanding into medical aesthetics sector
• Université de MontréalstrategicStrategic or Co-development Partner · 1 September 2019Donated $350,000 to Université de Montréal for another virtual reality simulation lab
• University of WaterloostrategicStrategic or Co-development Partner · 1 October 2018FYidoctors granted $800,000 to University of Waterloo for a virtual reality simulation lab - the largest donation in the school's optometry program's history. Partnership created the first virtual reality optometry simulation lab in Canada.
• Marchand Giguère GroupmajorStrategic or Co-development Partner · 1 December 2015Partnership established adding 65 establishments and 167 independent clinics in Quebec, leading to creation of Visique brand
• Carl Zeiss Vision CanadacoreTechnology or Integration · 22 January 2015Distribution agreement making FYidoctors authorized to produce ZEISS lenses in Canada. FYidoctors became the first non-ZEISS lab to produce ZEISS lenses in Canada due to commitment to outstanding customer service. ZEISS certification agreement demonstrates FYidoctors' commitment to produce high quality products. FYidoctors also serves as distributor of ZEISS eyeglasses and has exclusive private label lens designs developed for the FYidoctors network.
• Dr. Steven Woods (Google)minorStrategic or Co-development PartnerDr. Steven Woods, Google's Senior Engineering Director and Country Products Lead, joined FYidoctors' Board of Directors. He has extensive Board experience, has founded multiple IT companies, and holds multiple patents. His expertise brings digital transformation and technology expertise to the board.
• Carl Zeiss CanadacoreTechnology or IntegrationFYidoctors purchased CIRRUS HD-OCTs from Carl Zeiss Canada. This technology offers tools for management of glaucoma, retinal disease and anterior segment imaging for corneal disease. ZEISS OCT technology helps revolutionize early detection of common eye conditions.
• REM EyewearcoreChannel Partner/ Reseller/ DistributorExclusive distribution agreement with REM Eyewear for Converse Eyewear in Canada. FYidoctors became the exclusive distributor of Converse eyewear brand in Canada. REM Eyewear is the worldwide licensee of Converse Eyewear for over 25 years.
• Lions ClubcommunityGTM or Marketing PartnerPartnership for glasses recycling program - facilitating donation of used eyeglasses to help people see more clearly
• OcumetratechnologyTechnology or IntegrationTechnology partner for myopia progression measurement technology used in clinics

Scale indicators16 records

Recent moves11 records

Expansion highlights6 records

Regional players

• Hakim Optical: Long-established Canadian optical retail chain; comparable as a domestic multi-location optical retailer competing for similar Canadian customers.
• IRIS Le Groupe Visuel: Canada's other large optometry and optical retail network with strong Quebec presence; directly comparable to FYi as a competing Canadian optical roll-up and the most relevant domestic head-to-head competitor.
• Clearly (formerly Clearly Contacts): Canadian online optical retailer offering eyeglasses and contact lenses; comparable as a domestic optical competitor with overlapping consumer base in Canada.

Direct peers

• Specsavers: UK-founded, globally expanding optometry partnership model combining clinical services with optical retail; directly comparable to FYi's doctor-led partnership and vertically integrated model, and a potential future competitor as it expands in North America.
• Warby Parker: Direct-to-consumer eyewear brand combining retail stores with online sales and prescription eyewear; competes most directly with FYi's BonLook and solis optics consumer brands for millennial and Gen Z optical customers.

Emerging players

• Bailey Nelson: Australia-founded design-led optical retailer with stores in North America; comparable as a brand-led optical chain competing for the same premium-consumer segment as BonLook and solis optics.
• Eye Recommend: Canadian optometry buying group and network representing independent optometrists; comparable as the alternative cooperative-style model competing for the same independent optometrists FYi recruits into its partnership network.

Broad incumbents

• National Vision Holdings: US-based optical retailer operating America's Best, Eyeglass World, and Vision Centers; comparable as a multi-brand optical retail platform with prior KKR ownership, providing a benchmark for FYi's US expansion ambitions.
• 1-800 Contacts: US online contact lens retailer owned by KKR; comparable as a KKR-backed optical platform and a benchmark for digital/channel strategy relevant to FYi's BonLook and solis optics brands.
• Luxottica/EssilorLuxottica (LensCrafters, Pearle Vision): Global eyewear and retail optical giant operating LensCrafters, Pearle Vision, and Sunglass Hut; comparable as the dominant incumbent in clinic-and-retail optical with vertically integrated lens manufacturing against which FYi positions itself as a doctor-led alternative.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/FYidoctors
• YouTubeyoutube.com/user/fyidoctors
• Facebookfacebook.com/FYidoctors
• LinkedInlinkedin.com/company/fyihealth-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FYiHealth Group