NEENAH, Wis. and MILWAUKEE, Wis. – Froedtert Health and ThedaCare announced today they have signed a letter of intent to come together as one organization to advance local health care for patients and improve health and the delivery of health care in Wisconsin.
“Both of our organizations have deep, long-standing ties in the communities we serve. Our Wisconsin roots have been instrumental in building creative solutions to meet our communities’ health needs,” said Cathy Jacobson, president and CEO of Froedtert Health. “By coming together with the state’s leader in regional community health, our combined organization will be
poised to meaningfully address health equity and disparities, enhance access to a broader array of services and make it easier for patients to navigate the health care system. The Medical College of Wisconsin will continue to be an important partner in our work together.”
The organizations know each other well through their existing quaternary partnership, which includes the Medical College of Wisconsin, to expand access to the most advanced levels of medicine and a joint venture to create two new health campuses. The combined organization will further their current work together to close care gaps, recruit and retain talent, develop
innovations to meet patient needs and advance their respective legacies of clinical excellence and community focus.
“ThedaCare and Froedtert Health have a commitment to the people of Wisconsin,” said Imran A. Andrabi, MD, FAAFM, ThedaCare president and CEO. “We are alike in many ways, and our leaders and our boards have long been asking how we can accelerate our work to make a positive and lasting impact on our state. We have a shared vision for what we can do together to
improve the health and well-being of the communities and be proactive partners in health. We are eager to start exploring how we can build a healthier, brighter future for Wisconsin.”
The combined organization will:
-Help the people of Wisconsin live their unique, best lives, providing better and more
seamless access to comprehensive, high-quality care when people are sick or injured
and serving as a true partner in health to help keep people well.
-Be based in Wisconsin, led by people who live and work in Wisconsin and
governed by a parent board composed of current board members from both
organizations including two board members who serve on both the boards of the Medical
College of Wisconsin and Froedtert Health concurrently.
-Deliver real value and bring innovative solutions for the health care needs of its
state and communities, including addressing health equity, health disparities and
more, with a clear commitment to urban, suburban and rural areas.
-Honor and grow the strong legacies of clinical excellence and community
commitment that are the shared hallmarks of each organization. The trusted brand
names of the existing organizations will continue.
-Work in concert with its partners at the Medical College of Wisconsin to bring
together every aspect of care, including primary care, specialty care, the most advanced
levels of care, clinical trials, graduate medical education and more.
The combined organization will be governed by a parent board composed of representatives of both organizations. The initial Board will have 18 members, including the president and CEO of Froedtert Health, and the president and CEO of ThedaCare. The initial board chair will be Jud Snyder, Froedtert Health’s current vice chair and chair-elect. The initial vice chair will be Jim
Kotek, ThedaCare’s current board chair. Following the launch of the combined health system, Froedtert Health President and CEO Cathy Jacobson will initially assume the role of CEO, and ThedaCare President and CEO Imran A. Andrabi, MD, FAAFM will serve as president. After a six-month transition period following the launch of the combined health system, Cathy will retire from the organization with a legacy of steadfast and thoughtful leadership. Upon Cathy’s retirement, Dr. Andrabi will assume the role of president and CEO of the combined organization, leveraging more than 30 years of medical, operational and strategic expertise and innovative leadership.
“Our organizations have a shared commitment to the people of Wisconsin,” said Jim Kotek, board chair of ThedaCare’s Board of Trustees. “That commitment is reflected in our quality of care, community investments and organizational cultures. These tenets will be the bedrock of our successes as we move forward to combine our organizations.” “By coming together with ThedaCare and continuing to invest in our partnership with the Medical College of Wisconsin, we have the ability to offer every aspect of health care to our communities in a more seamless, coordinated approach,” said Jackie Fredrick, chair of
Froedtert Health’s Board of Directors. Several key leaders of both organizations will also elevate to serve as executive officers of the combined organization:
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