DuPage Medical Group announces $1.45 billion investment
The investment, which closed Tuesday, will allow the medical practice to continue expanding with additional services, sites and doctors. The
The new money will allow
The money also could help the medical group expand further into the northwest suburbs and even beyond
"It's an investment to grow our business and grow the number of physicians and services we provide in the metropolitan area and also start to take a look at, over a more intermediate period of time, what are the regional and national opportunities for our model," he said.
It will also help the group stay independent at a time when many other doctors groups across the country, facing financial pressures and increasing regulations, have been swallowed up by hospitals.
Before now, the largest investment in the group had been a
DuPage's medical group will remain 100 percent physician owned and directed, Kasper said. It's not yet known how much of the management company Ares will own because DuPage physicians will have the opportunity to co-invest with Ares in addition to whatever equity in the management company they already have, he said. Ares is headquartered in
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