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ThedaCare
ThedaCare, part of Froedtert ThedaCare, is a community health system with 20 hospitals and 360+ locations serving nearly half of Wisconsin's population.
ThedaCare
ThedaCare was founded in 1914 as a small community hospital in Appleton, Wisconsin. The nonprofit health system has grown through decades of local expansion to serve 13 counties in the northeastern part of the state. The system operates seven hospitals and numerous outpatient clinics, with a full spectrum of service lines including primary care, cardiovascular, orthopedics, and cancer care. It merged with Froedtert Health in 2023 to form Froedtert ThedaCare, an integrated system with 20 hospitals and over 360 outpatient locations across Wisconsin. Together with the Medical College of Wisconsin, the combined entity is the region's only academic medical center (per ThedaCare, 2024). ThedaCare runs its own Regional Cancer Center and ThedaStar air ambulance. It also operates a Graduate Medical Education program, with a simulation lab completed in 2024. The combined Froedtert ThedaCare system employs more than 28,000 team members and clinicians. It has its own family of foundations; in 2023, team members volunteered for 33 housing projects through Habitat for Humanity partnerships. The system generates its scale from patient revenue, not external capital. It also has an Accountable Care Organization structure and operates MyThedaCare for patient records and billing. ThedaCare is a nonprofit community health system, not a family office or investment vehicle — a significant structural differentiator from typical Altss profiles. Its scale derives from cross-subsidization across a broad service line mix and insurance-based revenue, and its governance is overseen by Froedtert ThedaCare board structures from both legacy organizations.
General information
Firm type
other
Year founded
1914
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Appleton
Corporate office
Appleton, WI, United States
Sector focus
Frequently asked questions
Is ThedaCare a family office?
No. ThedaCare is a nonprofit community health system headquartered in Appleton, Wisconsin. It does not manage third-party capital and does not operate as a family office or investment firm.
What is Froedtert ThedaCare's relationship with the Medical College of Wisconsin?
Froedtert ThedaCare and the Medical College of Wisconsin together form the region's only academic medical center. This partnership supports graduate medical education, clinical research, and specialized training.
Does ThedaCare invest in startups or venture capital?
ThedaCare does not disclose any venture capital, private equity, or startup investment activity. Its operations are funded through patient care revenue, philanthropy, and system reinvestment.
Where are thedaCare's hospitals located?
ThedaCare operates seven hospitals in Northeast Wisconsin. Combined with Froedtert facilities, the system spans 20 hospitals and 360+ outpatient sites across the state.
Does ThedaCare offer charitable giving programs?
Yes, ThedaCare maintains a family of foundations that accept donations to fund equipment, programs, and community health initiatives. It also organizes volunteer programs for housing and hunger relief.
Who leads Froedtert ThedaCare?
Froedtert ThedaCare is governed by a joint board of directors combining legacy ThedaCare and Froedtert Health leadership. Specific named executives are not listed publicly.
How many patients does ThedaCare serve annually?
ThedaCare does not publish annual patient volume figures. Combined, Froedtert ThedaCare serves nearly half of Wisconsin's population with its 20 hospitals and 360+ locations (per ThedaCare).
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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