Chesapeake Eye Care Announces Acquisition of Maryland-Based Malouf Eye Center

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ANNAPOLIS, Md.—Chesapeake Eye Care, a portfolio company of the private equity firm Centre Partners, has acquired Malouf Eye Center, a provider of ophthalmology services based in Camp Springs, Md. Founded in 1958 by George Malouf Sr., Malouf Eye Center is now led by Dr. George Malouf Jr. and Dr. Marc Malouf. The acquisition “further expands Chesapeake Eye Care’s growing network of ophthalmology practices in the Mid-Atlantic region,” Chesapeake Eye Care noted in an announcement posted on its website. The terms of the transaction were not announced.

“As we continue to build a leading eyecare provider in the Mid-Atlantic region, we seek experienced and proven physicians with an ability to operate efficiently and deliver high quality outcomes,” Chesapeake Eye Care chief executive officer Michael Dunn said in the announcement. “I believe that Drs. George and Marc Malouf are a perfect fit, and Malouf Eye Center’s Camp Springs location strategically enhances our presence in the Washington, D.C., metro area.”

Centre Partners, a middle market private equity firm with offices in New York and Los Angeles, invested in Chesapeake Eye Care Company LLC in July 2017 as the latter formed a new entity combining Mid-Atlantic ophthalmology practices Chesapeake Eye Care and Laser Center and Whitten Laser Eye, as VMAIL reported

Malouf Eye Center has been a family-run practice focused on delivering high-quality clinical care to patients in the community, Dr. George Malouf Jr. said in the announcement. “I joined this practice when I finished my training and my son, Marc, joined me when he completed his. While we enjoy being a local family practice, the environment for health care providers is rapidly changing and we believe our team and our patients will be best served by joining with Chesapeake Eye Care. I am delighted to join a group of outstanding clinicians with premier reputations and to benefit from the shared resources of a fully integrated ophthalmology platform,” he added.

Chesapeake Eye Care said in the announcement that this acquisition demonstrates its continued commitment to recruiting top-performing doctors and expanding patient access to care across its growing network of practice locations and surgery centers in the Mid-Atlantic.