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.
More articles on transactions and valuation:
MemorialCare Health System enters joint venture partnership with Fresenius Medical Care
5 latest hospital transactions and partnerships
Another hospital deal, another fight between Prime and SEIU
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
