Following the death of its CEO Michael Kasper, DuPage Medical Group has named two leaders to serve as interim co-CEOs.

Mike Kasper Dmg Ceo Wife Dies
Mike Kasper Dmg Ceo Wife Images
Mike Kasper Dmg Ceo Wife Photos

Michael Kasper, the CEO of DuPage Medical Group — one of the largest independent doctors’ groups in Illinois — died Saturday at the age of 46, the group confirmed on Monday. '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.

DuPage Medical Group's President Paul Merrick, MD, and CFO Michael Pacetti will jointly lead the organization.

Dr. Merrick has been at DuPage Medical Group since 1994 and has served as president since 2009.

Mr. Pacetti has been with the Downers Grove, Ill.-based medical group for more than 20 years.

'We are committed to building on Mike Kasper’s legacy by continuing the great work that he so passionately believed in,' said Dr. Merrick. 'Shoulder to shoulder, we will continue to make healthcare better for our patients and community by offering high quality and compassionate care.'

Mr. Kasper died May 4 at the age of 46. He joined DuPage Medical Group in 2010.

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$250 Million Investment Led by Summit Helps DMG Continue Growth, Maintain Independence

DOWNERS GROVE, ILLINOIS – 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. The $250 million investment – finalized on December 29, 2015 – is a combination of equity and debt. Proceeds will support growth initiatives at DMG’s practice management company, DMG Practice Management Solutions/MPAS (Midwest Physician Administrative Services). 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.

Mike Kasper Dmg Ceo Wife Dies

“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. “Summit Partners understands that our patient-focused, doctor-directed culture is crucial to our mission, and they are completely supportive of it. 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. Physicians, physician extenders, therapists and designated health services, such as diagnostic imaging and radiation oncology, will all remain within DMG. The Board of Directors of DMG Practice Management Solutions will be comprised of seven members—four of whom will be physicians. DMG will continue to be governed by its current Board of Directors, who are practicing physicians. Additional terms of the transaction were not made public.

Mike Kasper Dmg Ceo Wife Images

“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. “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. We are thrilled to partner with this exceptionally innovative healthcare company and to support its growth going forward.”

Mike Kasper Dmg Ceo Wife Photos

DuPage Medical Group was advised in the transaction by Cain Brothers.