Earlier this year, DMG received a $250 million minority investment from Summit Partners, a Boston-based global growth equity firm, which created a new entity, DMG Practice Management Solutions. The partnership provided DMG capital and support to grow its service lines and footprint.
The surgery center DMG plans to acquire a stake in, the Naperville Surgical Centre, is physician owned and part of Chicago-based Advocate Health Care. If the proposed acquisition is approved, DMG Practice Management Solutions would take a 75 percent stake in Naperville Surgical Centre, and the remaining ownership would be split between Advocate and Deerfield, Ill.-based Surgical Care Affiliates, according to the report.
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