He retired in 2019 but came out of retirement last July to take the top job at DuPage Medical, which had been operating with an interim CEO since Michael Kasper's death in May 2019. DMG has over 750 doctors in more than 100 locations in suburban Chicago. Former DMG CEO Mike Kasper died by suicide in May 2019. Merrick and Pacetti had been interim co-CEOs.
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.
- Michael Kasper, the 46-year-old CEO of DuPage Medical Group, died by suicide May 4 in his Elmhurst home, a report issued Monday by the city’s police department said. The report said no suicide.
- Jul 07, 2020 DuPage Medical Group has named a new CEO, about 14 months after its former leader died by suicide. DuPage, which is the largest independent doctors’ group in Illinois, announced Steve Nelson as.
$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.
“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.”
Mike Kasper Dmg Ceo Wife Pictures
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.
“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.”
DuPage Medical Group was advised in the transaction by Cain Brothers.
Following the death of its CEO Michael Kasper, DuPage Medical Group has named two leaders to serve as interim co-CEOs.
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.
Mike Kasper Dmg Ceo Wife Dies
'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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