Mike Kasper, CEO, DuPage Medical Group. DuPage Medical Group (DMG), the largest independent multi-specialty physician group in the midwest, based in suburban Chicago is built on four basic, but supremely important principles: high quality, efficient service, value and high access care. DuPage Medical Group CEO Michael A. Kasper, the leader of one of the state’s largest medical groups, has died. “We are shocked and saddened by the tragic passing of our beloved. Michael passed away in May 2019. Michael was a resident of Illinois at the time of passing. Kasper 134 South York Road Elmhurst, Illinois 60126 Phone 630 832 0018 PLANNING FORM Michael. DuPage Medical Group CEO Michael Kasper died by suicide, according to a police report. Police who responded to the call found 46-year-old Kasper at his residence in Elmhurst, according to an. Kasper, CEO of DuPage Medical Group, is photographed Jan. 17, 2017, in Lisle. Kasper died May 4, 2019. Svehla/for the Chicago Tribune).
Michael Kasper, who led a major expansion of Downers Grove-based DuPage Medical Group as its CEO, died unexpectedly Saturday at age 46, a spokeswoman said Monday.
With Kasper at the helm, DuPage Medical expanded its reach across the suburbs as one of the state's largest independent physician practices, while maintaining its autonomy in an era of mergers between doctors groups and larger hospital systems.
DuPage Medical spokeswoman Marianne Geiger released a statement that did not give a cause of death, but said Kasper 'passed away tragically' Saturday.
'We are shocked and saddened by the tragic passing of our beloved leader and colleague, Mike Kasper,' the statement read. 'DMG's leadership team, board of directors, physicians, employees, patients and the entire health care community mourn his loss. We extend our deepest sympathies to his wife and children and ask that you respect their privacy during this difficult time.'
Kasper helped propel DuPage Medical's growth through medical group acquisitions and a $1.45 billion funding boost from a Los Angeles-based private equity group in 2017. DuPage Medical Group has more than 700 practitioners, up from about 290 physicians when Kasper became CEO in 2010.
'As an organization, we are strong and thriving because of Mike's vision and leadership,' Dr. Paul Merrick, DuPage Medical president, said in the statement. 'We are committed to continuing the great work that he so passionately believed in -- striving to make health care better for our patients and community by offering high quality and compassionate care.'
News of Kasper's death spread quickly throughout the industry.
'Mike Kasper made a dramatic and positive impact on Illinois healthcare that will be felt for a long time,' Mary Lou Mastro, Edward-Elmhurst Health CEO said. 'We in the health industry should make it our mission to push forward in pursuit of Mike's goal of providing high quality and compassionate care to the communities we serve.'
$250 Million Investment Led by Summit Helps DMG Continue Growth, Maintain Independence
Mike Kasper Dmg Ceo Wife Photos
Mike Kasper Dmg Ceo Wife And Family
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.
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“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.
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“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.”
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DuPage Medical Group was advised in the transaction by Cain Brothers.