'Mike and the entire team at DuPage Medical Group have done a remarkable job in building this business - embracing technology and truly setting the standard for patient care in one of the nation's biggest health care markets. 'Summit has a history of backing innovative, market-leading businesses in many different industries and has partnered with numerous provider-led practice management organizations over the years,' said Darren Black, a Managing Director at Summit Partners who will join the DMG Practice Management Board of Directors. Additional terms of the transaction were not made public.

DMG will continue to be governed by its current Board of Directors, who are practicing physicians.

The Board of Directors of DMG Practice Management Solutions will be comprised of seven members - four of whom will be physicians. Physicians, physician extenders, therapists and designated health services, such as diagnostic imaging and radiation oncology, will all remain within DMG. This partnership provides access to capital and strategic support for DMG's growth initiatives -including population health, expansion into new geographies and opening additional clinical lines of service - and will help to enhance our ability to reach and treat patients.' Kasper says that from an operational standpoint, DMG employees and patients will notice very few changes as a result of the partnership. '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.

Mike kasper dmg