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- DMG Practice Management Solutions
DMG Practice Management Solutions Funding, Investors & Competitors
DMG Practice Management Solutions has raised $350M across 4 funding rounds, most recently a $24M undisclosed-stage round in January 2022.
Last DMG Practice Management Solutions funding round
$24M
Undisclosed stage · Jan 2022
Cumulative funding DMG Practice Management Solutions raised
$350M
across 4 funding rounds
Key investors in DMG Practice Management Solutions
Summit Partners
DMG Practice Management Solutions Overview
About DMG Practice Management Solutions
DMG Practice Management Solutions is a provider of administrative and operational services to affiliated physician practices in the United States. The company handles billing, revenue cycle management, compliance, and human resources for specialties including primary care and surgery. Based in New Jersey, DMG supports multi-location groups through centralized platforms ensuring regulatory adherence and financial performance.
Founded
2015
HQ
Status
Privately held
Customer focus
B2B
Revenue model
Services, Subscription
DMG Practice Management Solutions Funding History
DMG Practice Management Solutions has raised a total of $350M across 4 funding rounds.
DMG Practice Management Solutions' first fundraising round was a $250M undisclosed-stage round in January 2016. The most recent completed round was a $24M undisclosed-stage round in January 2022.
DMG Practice Management Solutions funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jan 2022 | Undisclosed stage | - | $24M | - |
| Nov 2018 | Series A | - | $13M | - |
| Oct 2017 | Undisclosed stage | - | $63M | DMG Practice Management Solutions is the practice management company affiliated with DuPage Medical Group (DMG), a large independent multi-specialty physician group based in Downers Grove, Illinois, with over 600 physicians across more than 80 locations in suburban Chicago as of 2017. It supports DMG's operations and growth, including subsidiary Boncura Health Solutions focused on population health and related services. In August 2017, Ares Management invested $1.45 billion in a strategic partnership with DMG, acquiring Summit Partners' prior stake in DMG Practice Management Solutions (from a $250 million investment the previous year), while DMG physicians retained significant ownership in the practice management entity and kept the physician group 100% physician-owned and directed. The investment aimed to fuel expansion, including new service lines, sites, physicians, population health initiatives, geographic growth, and enhanced outpatient delivery models. A related SEC Form D filing on October 2, 2017, disclosed $63 million in equity raised by DMG Practice Management Solutions LLC. S&P Global Ratings assigned a 'B' corporate credit rating to the company on July 31, 2017, ahead of the deal close on August 15. The transaction reflects broader private equity interest in physician practice management and multi-specialty groups during 2017. |
| Jan 2016 | Undisclosed stage | Summit Partners | $250M | Summit Partners announced a USD 250 million investment in DuPage Medical Group in January 2016, finalised on 29 December 2015, structured as a combination of equity and debt. The proceeds fund growth at DMG Practice Management Solutions, the management company serving the group, including population health, expansion into new geographies and new clinical lines of service. DMG physicians retained majority ownership of the practice management company, and its seven-member board includes four physicians. DuPage Medical Group is the largest independent multi-specialty physician group in the Chicago area, headquartered in Downers Grove, Illinois, with more than 480 physicians across more than 60 locations. Chief executive Mike Kasper said Summit understood the group's patient-focused, doctor-directed culture. Ares Management acquired Summit's stake in 2017. |
Who has invested in DMG Practice Management Solutions?
1 investor has backed DMG Practice Management Solutions across its funding rounds, including Summit Partners.
DMG Practice Management Solutions Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialDMG Practice Management Solutions Competitors
DMG Practice Management Solutions competitors include listed companies like IDEXX Laboratories, Veeva, Roper Technologies and IQVIA, and private ones like Commure and Benchling.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $4.3B | $1.5B | $53B | 11.5x | ||
| Publicly listed | $3.2B | $965M | $49B | 11.8x | ||
| Publicly listed | $7.9B | $3.2B | $47B | 6.7x | ||
| Publicly listed | $16B | $3.4B | $45B | 3.4x | ||
| Private | $200M | - | $7B | 35.0x | ||
| Private | $50M | - | $6.1B | - |
DMG Practice Management Solutions Public Comps
DMG Practice Management Solutions is still privately-owned, but its public comps include IDEXX Laboratories, Veeva, Roper Technologies, IQVIA, GE HealthCare, ICON plc, Pro Medicus, United Imaging, Glaukos and M3 Inc..
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.3B | $1.5B | 12.6x | 11.5x | 35.9x | 32.3x | |||
| $3.2B | $965M | 13.2x | 11.8x | 43.6x | 25.9x | |||
| $7.9B | $3.2B | 7.2x | 6.7x | 17.9x | 17.0x | |||
| $16B | $3.4B | 3.6x | 3.4x | 17.2x | 14.7x | |||
| $21B | $3.7B | 2.2x | 2.1x | 12.0x | 11.6x | |||
| $8.3B | $816M | 2.2x | 2.2x | 22.1x | 13.3x | |||
| $181M | $143M | 81.0x | 72.5x | 102.6x | 90.2x | |||
| $2.1B | $369M | 7.0x | 6.0x | 39.0x | 35.1x | |||
This data is available for Pro users. Sign up to see all DMG Practice Management Solutions competitors and their valuation data. Start Free Trial | ||||||||
Common questions about DMG Practice Management Solutions
| When was DMG Practice Management Solutions founded? | DMG Practice Management Solutions was founded in 2015. |
| Where is DMG Practice Management Solutions headquartered? | DMG Practice Management Solutions is headquartered in Chicago, IL, United States. |
| Is DMG Practice Management Solutions publicly listed? | No, DMG Practice Management Solutions is a private, VC-backed company. |
| How much funding has DMG Practice Management Solutions raised? | DMG Practice Management Solutions has raised $350M across 4 funding rounds. |
| What was DMG Practice Management Solutions' last funding round? | DMG Practice Management Solutions' last funding round was a $24M undisclosed-stage round in January 2022. |
| Who are DMG Practice Management Solutions' investors? | DMG Practice Management Solutions' investors include Summit Partners. |
| Which companies are comparable to DMG Practice Management Solutions? | Companies comparable to DMG Practice Management Solutions include IDEXX Laboratories, Veeva, Roper Technologies, IQVIA, Commure and Benchling. |
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