FYidoctors buys Canadian assets of PE-backed Vision Source

Calgary-based eye care specialist FYidoctors has acquired for an undisclosed sum the Canadian assets of Vision Source LP, which operates a network of optometrists. The deal, which is excepted to close in October, will see Vision Source transfer its 95 Canadian franchisees to FYidoctors, along with rights to its brand name in Canada. Located in Kingwood, Texas, Vision Source is a portfolio company of U.S. private equity firm Brazos Private Equity Partners. Brazos bought the company, previously a division of TLC Vision Corp., from Charlesbank Capital Partners and HIG Capital in 2011. Charlesbank and HIG acquired the Mississauga, Ont.-based TLC Vision in a turnaround deal in 2010.

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