Vision Innovation Partners (VIP) has expanded its Maryland presence with the acquisition of Frederick Eye Institute.
Frederick Eye Institute, based in Frederick, Maryland, is a comprehensive ophthalmology practice. It specializes in cataract surgery and lens implants. The practice also employs the latest technology to provide care for glaucoma, macular degeneration, cataracts and dry eyes, as well as routine eye exams. According to its website, the practice is run by Dr. Robert Bruce Hodges.
Founded in 2017 and headquartered in Annapolis, Maryland, VIP operates a network of ophthalmology service providers in the Mid-Atlantic region. VIP’s footprint includes 60 practice locations and 11 surgery centers across Maryland, Washington D.C., Virginia and Pennsylvania. It is a portfolio company of Gryphon Investors, a middle-market private equity firm.
This acquisition marks VIP’s 28th add-on since its founding in 2017 and complements its growing network of ophthalmology practices. This is also VIP’s second deal of the year. Terms were not disclosed.
According to data in the LevinPro HC database, this transaction represents the 139th Physician Medical Group acquisition of 2026, and the eighth eye care specialty. There were 30 eye care transactions reported in 2025. Other active eye care buyers in 2026 include Retina Consultants of America (two deals) and EyeSouth Partners (two deals).
