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- May 07, 2019 Michael Kasper, the CEO of DuPage Medical Group - the largest independent doctors' groups in Illinois - died Saturday at the age of 46, the group confirmed on Monday.
- KASPER, Mike Mike Kasper passed away peacefully on April 21, 2019 at St. Paul's Hospital at the age of 93 years. He was born to Peter and Barbara (nee Chernetski) Kasper in Allan, Saskatchewan district.
- May 06, 2019 Michael A. Kasper, CEO of DuPage Medical Group is photographed Jan. 17, 2017, in Lisle. Kasper died May 4, 2019. Svehla/for the Chicago Tribune).
A board-certified physician in critical care, sleep medicine and pulmonary medicine and Treasurer of DuPage Medical Group, Dr. John Porcelli is a Chicago native who brings extensive experience to DMG. Porcelli’s clinical interests include lung cancer, emphysema, chronic cough, sarcoidosis, acute lung injury, adult asthma, sleep disorders and many other pulmonary diseases. As part of an interim leadership transition plan in the wake of DuPage Medical Group CEO Michael Kasper’s death, President Dr. Paul Merrick and Chief Financial Officer Michael Pacetti will serve. Michael Kasper passed away in Elmhurst, Illinois. Heartfelt condolences go out to the Kasper family. Mike was an exceptional, kind person. He helped me so much as a DMG employee and on a.
DOWNERS GROVE, Ill. & LOS ANGELES--(BUSINESS WIRE)--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. (NYSE:ARES), the global alternative asset management firm. 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. The $1.45 billion transaction closed on August 15, 2017.
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. 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 organization to remain independent and physician-led,” said 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 endeavor will ultimately enhance our ability to reach and treat patients. This is our path forward.”
Mr. Kasper specified that DMG patients should expect to see additional service lines, sites of care and physicians as a result of the partnership. This growth will allow DMG to enhance its integrated outpatient delivery model and further enhance its efforts to provide quality, efficiency and access to patients.
“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,” commented 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.”
About DuPage Medical Group
Founded in 1999, DuPage Medical Group is the largest independent, multi-specialty physician group with more than 600 physicians in over 80 suburban Chicago locations. DMG is a patient-centered organization focused on improving access to convenient, quality health care using the latest technology and treatment options. For more information, visit www.dupagemedicalgroup.com.
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About Boncura Health Solutions
Since its inception in 2011, Boncura Health Solutions has remained a physician-owned and directed organization aimed at improving patient outcomes, efficiently managing at-risk populations to reduce unnecessary healthcare costs, delivering services in a cost-effective manner, and providing unique and convenient ways for patients, providers, and clients to access key support services. Its expertise allows hospitals and health systems, independent physician groups, and accountable care organizations to provide value-based care through efficient and intelligent administrative and clinical services. Today, Boncura serves more than 5,500 physician providers and partners, managing upwards of 350,000 lives, and processing more than seven million claims annually.
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About Ares Management, L.P.
Ares Management, L.P. is a publicly traded, leading global alternative asset manager with approximately $104 billion of assets under management as of June 30, 2017 and more than 15 offices in the United States, Europe, Asia and Australia. Since its inception in 1997, Ares has adhered to a disciplined investment philosophy that focuses on delivering strong risk-adjusted investment returns throughout market cycles. Ares believes each of its three distinct but complementary investment groups in Credit, Private Equity and Real Estate is a market leader based on assets under management and investment performance. Ares was built upon the fundamental principle that each group benefits from being part of the greater whole. For more information, visit www.aresmgmt.com.
DOWNERS GROVE -- DuPage Medical Group said it plans to acquire Northwest Health Care Associates, a multi-specialty clinic with locations serving Chicago's northwest suburbs, for an undisclosed sum.
Founded in 1981, Northwest Health Care Associates has locations in Hoffman Estates, East Dundee and Elk Grove Village. The group, which is physician owned and directed, includes 25 physicians across seven medical specialties.
'The physicians of Northwest Health Care Associates provide quality, physician-directed care to patients in the northern suburbs of Chicago,' said DMG CEO Mike Kasper. 'This acquisition will allow DMG to expand its service area further north while providing Northwest Health Care Associates' patients additional services and increased convenience.'
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Leadership teams from DMG and Northwest Health Care Associates will work together on plans for a smooth transition and integration of physicians, employees and patients, Kasper added.
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'Northwest Health Care Associates' physicians will remain dedicated to the communities they've been serving for more than 35 years. We share a commitment to doctor-directed medicine and providing our patients efficient access to quality health care,' said DMG President Dr. Paul Merrick.
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