'Summit Partners understands that our patient-focused, doctor-directed culture is crucial to our mission, and they are completely supportive of it. 'For an independent, physician-led group of DMG's scale and size to retain its majority ownership after such a significant investment is unprecedented,' said DuPage Medical Group CEO Mike Kasper. Under the terms of the agreement, DuPage Medical Group ('DMG') will remain 100-percent physician-owned-and-directed, and DMG physicians will retain majority ownership in DMG Practice Management Solutions/MPAS. Proceeds will support growth initiatives at DMG's practice management company, DMG Practice Management Solutions/MPAS (Midwest Physician Administrative Services). The $250 million investment - finalized on Decem- is a combination of equity and debt.
DuPage Medical Group, the largest independent, multi-specialty physician group in the Chicago area, today announced a strategic partnership with global growth equity firm, Summit Partners.
