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September 20, 2023
WISCONSIN – ThedaCare and Froedtert Health recently approved a definitive agreement outlining the terms of the planned combined health system, a merger the two entities announced earlier this year.
Pending customary pre-closing conditions, further board approvals and regulatory approval, the goal is to launch the combined health system at the start of the new year.
“We are excited to continue the process of bringing our locally led healthcare organizations together, working in concert with the Medical College of Wisconsin,” Cathy Jacobson, president and CEO of Froedtert Health, said.
ThedaCare President and CEO Imran A. Andrabi said the two organizations have a long legacy of investing in their local communities.
“Both organizations are committed to helping Wisconsinites live their best lives, and we believe the best way to do that is by coming together,” he said. “We look forward to further defining how we will combine our organizations to make healthcare better for everyone we are privileged to serve.”
Jacobson will initially assume the role of CEO, and Andrabi will serve as president.
After a six-month transition period, Jacobson will retire and Andrabi will assume the role of president and CEO of the combined organization.
The initial chair and vice chair roles of the board and committees will be equally shared between the parties – the initial board chair will be Jud Snyder, Froedtert Health’s current board chair, and the initial vice chair will be Jim Kotek, ThedaCare’s current board chair.
