National Optical Care (NOC) has announced three new Queensland optometry businesses joined its network of acquired practices last month.
The company says it has been actively seeking to grow its portfolio since entering the industry in November 2020, with the acquisition of 14 practices along the eastern seaboard by early 2021.
Its most recent purchases occurred in September with the group welcoming Dickens & Herd Optometrists in Brisbane, Options Eyecare in Noosaville and Richard Watt Optometrist in Hervey Bay, which was established in 1989.
It comes after NOC settled Hawkeneyes in Brisbane in August, which has moved to be co-located with nearby NOC practice Insight Optometrists.
Combined with EyeQ Optometrists – of which NOC is an unbranded franchise – the alliance now comprises more than 30 practices.
“Owners wishing to sell their practices are attracted to the NOC business model as they can continue to operate the business in a very similar way to how it has been operated previously,” NOC CEO Jason Gowie said.
“We respect that all our practices are different, each with their own identity, unique offering and connections to the local community. We provide operational and specialist support to our practices so that the teams can focus on providing exceptional eyecare for their patients.”
Gowie said the quality of the practices, optometrists and teams that have joined the network in the past 12 months were exceptional.
“We are excited to be working with each and every practice. In collaboration with EyeQ the combined businesses now have a network of 33 quality owned optometry practices locations across Australia,” he said.
“We have additional binding agreements in place to acquire and settle more practices in NSW/ACT/VIC between November and December.”