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Froedtert Health
Froedtert Health is a Milwaukee-based nonprofit integrated health system operating as an academic medical center with $3.5B in annual revenue.
Froedtert Health
Froedtert Health was established through a 1980 merger between Milwaukee County General Hospital and the Medical College of Wisconsin, creating an academic medical center at its core. The system is governed as a nonprofit corporation with a community board, distinct from for-profit health systems or family offices. The system's strategy centers on tertiary and quaternary care, with an 815-bed flagship hospital, the Froedtert & Medical College of Wisconsin Froedtert Hospital. It operates a network of over 30 community clinics and five regional hospitals across southeastern Wisconsin. Active clinical areas include cancer care, cardiovascular health, neuroscience, and transplant medicine. Froedtert Health employs roughly 14,000 people and reported operating revenue of $3.5B in fiscal 2023 (per the system's audited financial statements, 2023). The system operates a health insurance plan, Froedtert Health Community Insurance, launched in 2019. It has no public disclosure of investment management vehicles or family-office-related structures. The system's structural differentiator lies in its exclusive academic partnership with the Medical College of Wisconsin, which grants it singular access to physician-researchers and clinical trials — positioning it closer to a university health system than a standalone community hospital network.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Milwaukee
Corporate office
Milwaukee, WI, United States
Additional offices
Renton · Peoria · Chicago · New York · Cleveland
Sector focus
Frequently asked questions
What is the relationship between Froedtert Health and the Medical College of Wisconsin?
Froedtert Health operates as the primary adult academic medical center partner for the Medical College of Wisconsin. The flagship Froedtert & MCW Froedtert Hospital is jointly managed, and all MCW physicians practice through the health system. The unique structure is governed by a long-term affiliation agreement (public record).
Does Froedtert Health operate an insurance plan?
Yes, Froedtert Health launched a health insurance product called Froedtert Health Community Insurance in 2019, available to employers and individuals in southeastern Wisconsin. The plan aims to integrate care delivery with insurance coverage.
Is Froedtert Health a for-profit or nonprofit organization?
Froedtert Health is classified as a nonprofit, tax-exempt organization under Internal Revenue Code 501(c)(3). It is governed by a community board and reinvests operating surpluses into clinical programs, facilities, and research.
How many hospitals does Froedtert Health operate?
The system operates five community hospitals in Menomonee Falls, West Bend, Burlington, and New Berlin, plus the flagship Froedtert & MCW Froedtert Hospital in Milwaukee. Total licensed beds exceed 1,200 across the system.
What is Froedtert Health's annual revenue?
In fiscal 2023, Froedtert Health reported total operating revenue of approximately $3.5 billion, according to the system's audited financial statements. The system has consistently maintained above-investment-grade credit ratings from Moody's and S&P.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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