Mike kasper dmg

“As DMG con­tin­ues to grow in size and scale, it is crit­i­cal­ly impor­tant for our orga­ni­za­tion to remain inde­pen­dent and physi­cian-led,” said DMG CEO Mike Kasper. As part of its invest­ment, Ares also acquired Sum­mit Part­ners’ stake in DMG Prac­tice Man­age­ment Solu­tions, and Sum­mit will exit as an invest­ment partner.

Under the terms of the trans­ac­tion, DMG’s physi­cian group, DuPage Med­ical Group Ltd., will remain 100% physi­cian-owned-and-direct­ed, and DMG physi­cians will retain a sig­nif­i­cant own­er­ship stake in the prac­tice man­age­ment com­pa­ny. The $1.45 bil­lion trans­ac­tion closed on August 15, 2017. The invest­ment by Ares will enable con­tin­ued sup­port for growth ini­tia­tives across the entire orga­ni­za­tion, includ­ing DMG’s prac­tice man­age­ment com­pa­ny, DMG Prac­tice Man­age­ment Solu­tions, and DMG’s sub­sidiary, Bon­cu­ra Health Solu­tions.

(NYSE: ARES), the glob­al alter­na­tive asset man­age­ment firm. and LOS ANGE­LES - August 16, 2017- DuPage Med­ical Group, one of the nation’s largest inde­pen­dent, mul­ti-spe­cial­ty physi­cian groups, announced the clos­ing of a strate­gic part­ner­ship with funds man­aged by the pri­vate equi­ty group of Ares Man­age­ment, L.P.