Companies

Case Study:

DMG Practice Management Solutions

“Summit Partners understood our patient-focused, doctor-directed culture, and they were completely supportive of it. Their partnership provided access to capital and strategic support for DMG’s growth initiatives, and helped enhance our ability to reach and treat patients.”

Michael Kasper

Mike Kasper, CEO

Location:
Downers Grove, IL
Leadership:

Mike Kasper

Founded in:
1999
invested in:
2015
Status:

Acquired by Ares Management 2017

Case Study:

DMG Practice Management Solutions

Multi-specialty physician practice management group

Added nearly 200 physicians throughout Summit’s investment

Completed 10 strategic acquisitions

Received a $1.45 billion equity investment from Ares Management in 2017

Founded in 1999, DMG Practice Management Solutions is a subsidiary of DuPage Medical Group (DMG), the largest independent, multi-specialty physician group in the Chicago area. DMG provides integrated physician-directed health care focused on quality, efficiency and access. Led by a strong executive team, the company was well positioned to benefit from the industry-wide shift to value-based care. When DMG explored outside growth capital opportunities in 2015, it was critical to their mission to maintain a patient-focused, doctor-directed culture. We believe Summit’s commitment to accommodate this need, together with our deep experience with physician practice management and value-based care models, helped position us as a desirable growth equity partner.

How Summit helped:

  • Worked closely with management to optimize the M&A process, including developing a pipeline of more than 150 high-priority targets and supporting the execution of ten strategic transactions
  • Together with management, Summit bolstered DMG’s direct recruiting engine, building a repeatable, scalable recruitment function which resulted in a significant increase in the pace of organic physician recruitment
  • Worked closely with management to build the Board of Directors – adding Rob Bessler, Founder and CEO of Sound Physicians, and Marty Jackson, CFO of Select Medical, to the Board

By 2017, DMG had grown to employ more than 600 physicians in more than 80 suburban Chicago locations, providing primary, specialty and ancillary healthcare services to over 750,000 patients. The company continues to add additional service lines, sites of care and physicians, further enhancing its integrated outpatient delivery model and efforts to provide high quality, cost-effective care to patients.

DMG represents one of eighteen Summit Partners investments in the broader physician practice management market.

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