$1.45B investment to fund expansion of DuPage Medical Group
Downers Grove, Illinois-based DuPage Medical Group has acquired a $1.45 billion investment from private equity firm Ares Management, which will fund continued expansion by what it is already Illinois’ largest independent physicians group.
The Chicago Tribune reports the group will use the money to grow from 1,200 to 1,500 physicians, expand imaging, immediate care, physical therapy and oncology services and potentially add practices beyond Illinois’ borders.
"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," said the group’s CEO, Michael Kasper.
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John joined TriMed in 2016, focusing on healthcare policy and regulation. After graduating from Columbia College Chicago, he worked at FM News Chicago and Rivet News Radio, and worked on the state government and politics beat for the Illinois Radio Network. Outside of work, you may find him adding to his never-ending graphic novel collection.