Maryland: Centre Partners Announces Investment in Chesapeake Eye Care
NEW YORK, July 24, 2017 /PRNewswire/ — Centre Partners, a leading middle market private equity firm with offices in New York and Los Angeles, announced today that it has completed an investment in Chesapeake Eye Care Company, LLC (“Chesapeake” or the “Company”), a newly formed entity that combines two leading Mid-Atlantic ophthalmology practices, Chesapeake Eye Care and Laser Center and Whitten Laser Eye. Terms of the transaction were not disclosed.
Headquartered in Annapolis, Maryland, Chesapeake is a leading eye care platform serving the Maryland, Virginia and Washington, DC markets. Led by its two founding physicians, Maria Scott and Mark Whitten, the Company has a proven track record of clinical excellence and leading patient outcomes. Drs. Scott and Whitten, both nationally recognized eye surgeons, have established a robust team of providers and deep corporate infrastructure to enable comprehensive ophthalmological care for a large addressable patient base. Chesapeake offers a range of services including cataract, glaucoma and general eye surgery, medical services, LASIK surgery, cosmetic and oculoplastic surgery, as well as other vision services.
“We are extremely excited to be working with Centre Partners,” stated Dr. Maria Scott. “Their experience in partnering with founder-owned healthcare businesses and their demonstrated ability to execute multi-facility growth strategies will bring tremendous value to Chesapeake.”
“Our new platform offers many benefits to independent practitioners in the attractive Mid-Atlantic market,” said Dr. Mark Whitten. “With the support of Centre Partners and their significant resources, we are well positioned to capitalize on the growth opportunities ahead.”
“We are excited to partner with Dr. Scott and Dr. Whitten and their talented team of physicians, care providers and executives,” added Jeff Bartoli, a Managing Director of Centre Partners. “They have developed a truly impressive model of superior clinical results, and we look forward to working with them to expand the platform through a combination of acquisitions and the recruitment of additional high-quality physicians in the Mid-Atlantic market.”
About Centre Partners
Founded in 1986, Centre Partners is a leading middle-market private equity firm focusing on the consumer and healthcare sectors, with offices in New York and Los Angeles. Centre has invested over $2 billion of equity capital in more than 75 transactions since its inception. The firm seeks to partner with founders and/or management teams to build exceptional businesses. In doing so, Centre provides portfolio companies with access to its unique resources, including an extended network of experienced and proven operating executives. Additional information is available at www.centrepartners.com.
About Chesapeake Eye Care Company, LLC
Chesapeake Eye Care, based in Annapolis, Maryland, is a leading Mid-Atlantic ophthalmology platform, recognized for clinical excellence. The Company has built a market leading network of physicians and offers comprehensive eye care services including cataract, glaucoma and general eye surgery, medical services, LASIK surgery, cosmetic and oculoplastic surgery. Additional information is available at www.chesapeakeeyecare.com and www.whittenlasereye.com.
Mark Semer or Ross Lovern
SOURCE Centre Partners