September 21, 2023

๐Ÿ”’ Frodtert, ThedaCare signal definitive settlement to merge into one well being system

A bit of greater than 4 months since Wauwatosa-based Froedtert Well being and Neenah-based ThedaCare introduced plans to merge into one well being system, each organizations have permitted a definitive settlement for the merger. The settlement, which outlines the phrases of the transaction, is the following noteworthy step ahead within the merger course of.

โ€œWe’re excited to proceed the method of bringing our domestically led well being care organizations collectively, working in live performance with the Medical Faculty of Wisconsin,โ€ stated Cathy Jacobson, president and chief government officer of Froedtert Well being. โ€œCreating more healthy communities all through Wisconsin will take numerous work as we transfer forward, and weโ€™re excited that weโ€™re one step nearer to embarking on this journey.โ€

Each organizations hope to launch the brand new, mixed well being system in the beginning of subsequent 12 months, pending customary pre-closing situations and additional regulatory approval.

Inside the settlement, each organizations emphasised their objectives of offering Wisconsinites with extra seamless entry to high-quality well being care and delivering worth and revolutionary options.

As beforehand introduced, following the launch of the mixed well being system, Jacobson will initially assume the position of CEO. Dr. Imran A. Andrabi, ThedaCare president and CEO, will function president.

After six months, Jacobson will retire. Upon her retirement, Dr. Andrabi will assume the position of president and CEO of the mixed group. The preliminary chair and vice chair roles of the board and committees will likely be equally shared between each events. The preliminary board chair will likely be Jud Snyder, Froedtert Well beingโ€™s present board chair, and the preliminary vice chair will likely be Jim Kotek, ThedaCareโ€™s present board chair.

โ€œThedaCare and Froedtert Well being have lengthy legacies of investing of their communities. Each organizations are dedicated to serving to Wisconsinites stay their finest lives, and we imagine that the easiest way to try this is by coming collectively,โ€ stated Andrabi. โ€œWe stay up for additional defining how we are going to mix our organizations to make well being care higher for everybody we’re privileged to serve.โ€