Affiliation will increase region’s access to academic medicine
Milwaukee and Manitowoc, Wis., (March 1, 2021) – Froedtert Health and Holy Family Memorial announced today the official start of their affiliation agreement. The agreement was initially announced on Jan. 6 of this year and closed at midnight on March 1. The finalized agreement calls for Froedtert Health to partner with Holy Family Memorial to deliver coordinated, high-quality, academic health care in Manitowoc County. Holy Family Memorial will operate as part of the Froedtert & the Medical College of Wisconsin network and will maintain its Catholic identity under the sole sponsorship of the Franciscan Sisters of Christian Charity, Inc.
The affiliation will secure the future of Holy Family Memorial, providing Manitowoc County’s largest health care provider with long-term clinical and financial sustainability.
“Through this agreement, Holy Family Memorial will gain the benefits of being part of a larger system that is led locally,” said Cathy Jacobson, president and CEO of Froedtert Health. “Together, we will focus on offering high-quality health care backed by the expertise available as part of eastern Wisconsin’s only academic health network.”
Steve Little, incoming president of Holy Family Memorial, added “This is a true partnership rooted in respect, shared values and a common vision for serving current and future health care needs in Manitowoc County.”
For Holy Family Memorial patients, the partnership will bring a closer connection to Froedtert & the Medical College of Wisconsin’s academic health care network and its scope and scale of care. Other anticipated benefits include expanded access to high-quality, innovative services and practices and improve care coordination for patients no matter where they receive care.
The affiliation will also bring reinvestment benefits to Manitowoc County. “As nonprofit organizations, we do not have shareholders,” Jacobson said. “Instead, we reinvest 100 percent of any revenue over expenses into our people, facilities, technology and strategies to support our shared mission to advance the health of the communities we serve.”
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 eight hospital locations, nearly 2,000 physicians and more than 45 health centers and clinics, draws patients from throughout the Midwest and the nation. In our most recent fiscal year, outpatient visits exceeded 1.2 million, inpatient admissions to our hospitals were 52,807 and visits to our network physicians totaled 947,136. For more information, visit froedtert.com.
About Holy Family Memorial
Holy Family Memorial, in affiliation with the Froedtert & the Medical College of Wisconsin health network, is the recognized leader and largest provider of comprehensive health care services in Manitowoc County. Founded by the Franciscan Sisters of Christian Charity, Holy Family Memorial, rooted in the healing ministry of Jesus Christ, is committed to providing high-quality medical care and dedicated to helping individuals in the communities Holy Family Memorial serves achieve healthier lives. The Froedtert & MCW health network operates eastern Wisconsin’s only academic medical center and adult Level I Trauma Center at Froedtert Hospital, Milwaukee. It also includes eight hospital locations, nearly 2,000 physicians and more than 45 health centers and clinics.