Ares Management Makes Investment in DuPage Medical Group

Physician Group DuPage Medical Group said Wednesday it has entered a strategic partnership under which funds managed by the private equity group of Ares Management LP (ARES) have invested $1.45 billion. DuPage said the investment by Ares will enable continued support for growth initiatives across the entire organization, including the company’s practice management company, DMG Practice Management Solutions, and DuPage Medical Group’s subsidiary, Boncura Health Solutions.

Under the terms of the transaction, DuPage Medical Group’s physician group, DuPage Medical Group Ltd., will remain 100% physician-owned-and-directed, and DuPage Medical Group 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.

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