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DuPage Medical Group secures USD1.45bn investment from Ares Management Private Equity Group

DuPage Medical Group has closed the formation of a strategic partnership with funds managed by the private equity group Ares Management.

The investment by Ares will enable continued support for growth initiatives across the entire organisation, including DMG’s practice management company, DMG Practice Management Solutions, and DMG’s subsidiary, Boncura Health Solutions. The USD1.45 billion transaction closed on 15 August, 2017.
 
Under the terms of the transaction, DMG’s physician group, DuPage Medical Group Ltd, will remain 100 per cent physician-owned-and-directed, and DMG physicians will retain a significant ownership stake in the practice management company. As part of its investment, Ares also acquired Summit Partners’ stake in DMG Practice Management Solutions, and Summit will exit as an investment partner.
 
“As DMG continues to grow in size and scale, it is critically important for our organisation to remain independent and physician-led,” says DMG CEO Mike Kasper. “Ares understands and supports our core mission, which is to maintain and enrich our patient-focused, doctor-directed culture. This partnership, which will particularly benefit our subsidiary Boncura, provides unprecedented access to capital and strategic backing for DMG’s growth initiatives, such as population health, expansion into new geographies and additional service offerings. We believe this endeavour will ultimately enhance our ability to reach and treat patients. This is our path forward.”
 
Kasper says that DMG patients should expect to see additional service lines, sites of care and physicians as a result of the partnership
 
“We are extremely excited to welcome Ares as our partner, as DMG continues to grow to become the best group for all physicians and patients both within the Chicago area as well as nationally,” says Dr Paul Merrick, President and Chairman of DMG. “Our partnership with Ares will allow us to maintain our physician-oriented culture and clinical autonomy. More importantly, we are well positioned to expand and enhance our management service offerings and continue providing our patients the highest quality care.”

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