Holy Family Memorial Medical Center (HFM) and Froedtert Health announced the organizations have entered into a letter of intent to provide healthcare 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 healthcare 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 healthcare 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 healthcare 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.