Maryland Vision Institute acquired by ophthalmology group

ANNAPOLIS, Md. — Maryland Vision Institute, a provider of ophthalmology services in Western Maryland and West Virginia, has been acquired by the group that owns Chesapeake Eye Care and Laser Center and Whitten Laser Eye.

Maryland Vision Institute operates locations in Hagerstown, Frederick and Hancock, Md., and one location in Martinsburg, W.Va. The group is led by Dr. Augustus “Gus” Stern and Dr. Sidney Chang.

Chesapeake Eye Care Co. is backed by Centre Partners, a middle-market private equity firm founded in 1986 with offices in New York and Los Angeles focused on the consumer and health care sectors.

Since its inception, Centre Partners has invested more than $2 billion of equity capital in more than 75 transactions.