The Optical Company (TOC) has acquired all three Adelaide Eye Care (AEC) optometry practices, taking its practice network to 60 locations.
With its first acquisition of 2024, the TOC network now comprises The Optical Co, Kevin Paisley Optometrists, LensPro, The Eye Place, Stacey & Stacey Optometrists, Optical Warehouse and the nib Eye Care Centres. The company also acquired Kosmac & Clemens and Vision Eye Health in 2023.
The move follows other high level changes after TOC’s parent company Healthia – an allied health group – was acquired in December 2023 by private markets investment firm Pacific Equity Partners. TOC remains as the Eyes & Ears division of Healthia.
Effective 29 February 2024, TOC has purchased AEC practices situated at Mawsons Lakes, Blackwood and Westbourne Park.
AEC was founded in 1982, with husband and wife optometry duo Mr René Malingré and Ms Liz Capper, assuming leadership of the company in 2003.
“We have proudly upheld the traditions of the original business, not only by advancing diagnostic technology and personalised optical dispensing but also by continuing our strong history of contact lens expertise,” Malingré said.
“Focused on maintaining a high standard of care and nurturing the skills of our great team of optometrists, we are thrilled to have joined The Optical Company. We are excited to have found an alignment with The Optical Company to strengthen our legacy and expand the business.”
Mr Aaron Kangisser, COO of TOC, said an independent spirit and focus on optometry care defined the AEC practices, which aligned with the existing network.
“It’s a privilege to have the opportunity to work with René, Liz and the practice teams as we work together on AEC’s next phase of growth,” he said.
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