Manitowoc and Milwaukee, Wis. – Holy Family Memorial Medical Center (HFM) and Froedtert Health announced the organizations have entered into a letter of intent to provide health care services. HFM will continue to operate as a locally led and managed health network within the partnership framework.
The discussions have focused on Froedtert Health acquiring a minority interest within HFM that would provide a long-term clinical and financial commitment that would enhance HFM's current and future health care services. The framework of the partnership would enable both organizations to more efficiently execute on top priorities for each organization such as delivering coordinated, high-quality, academic health care throughout eastern Wisconsin.
HFM will continue to remain Catholic and under sole sponsorship of the Holy Family Convent of the Franciscan Sisters of Christian Charity, Inc.
"We were gratified by the interest HFM received from several respected, regional health systems regarding partnership opportunities to enhance HFM's long-term ability to support the health and wellness of our community and their excitement about HFM's value proposition," said Brett Norell, president and CEO of HFM. "We are excited to move forward and continue discussions with Froedtert Health to build on our established collaborative efforts with them, including our e-visit program and, most importantly, to further our mission to serve the community."
"This opportunity is about supporting HFM's long-standing mission and continuing our mission of becoming the trusted leaders in the communities we serve by transforming health care and connecting communities to the best of academic medicine," said Cathy Jacobson, president and CEO of Froedtert Health. "We, along with our partners at the Medical College of Wisconsin, look forward to helping advance the health of the region through our personal connections, patient care and dedication to innovation and research."
The partnership with Froedtert Health will include provisions for additional health care relationships in the region to ensure that the best quality care at the right time is available to all who use the HFM network. One of those relationships is HFM's membership in Bellin Health Partners, a clinically integrated network dedicated to improving quality, local care access and lower costs of care for patients and area businesses. HFM joined Bellin Health Partners in 2016.
About Holy Family Memorial
Founded by the Franciscan Sisters of Christian Charity, Holy Family Memorial is the recognized leader and largest provider of comprehensive healthcare services in Manitowoc County. Our network of healthcare professionals, rooted in the healing ministry of Jesus Christ, are committed to providing high quality medical care and are dedicated to helping individuals in our communities achieve healthier lives.
About Froedtert & the Medical College of Wisconsin
The Froedtert & the Medical College of Wisconsin regional health network is a partnership between Froedtert Health and the Medical College of Wisconsin supporting a shared mission of patient care, innovation, medical research and education. Our health network operates eastern Wisconsin's only academic medical center and adult Level I Trauma Center at Froedtert Hospital, Milwaukee, an internationally recognized training and research center engaged in thousands of clinical trials and studies. The Froedtert & MCW health network, which includes five hospitals, nearly 2,000 physicians and more than 40 health centers and clinics, draws patients from throughout the Midwest and the nation. In our most recent fiscal year, outpatient visits exceeded 1.3 million, inpatient admissions to our hospitals were 52,855 and visits to our network physicians totaled 1,059,268. For more information, visit froedtert.com.
About Bellin Health Partners
Bellin Health Partners is a regional network of primary care and specialty physicians and hospitals located throughout Northeastern Wisconsin and the Upper Peninsula of Michigan dedicated to providing high quality, coordinated care while making the cost of care more affordable.