Investments
5Partners & Customers
10
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Latest ThedaCare News
Dec 14, 2022
Nick Thomas - Wednesday, December 14th, 2022 Neenah, Wis.-based ThedaCare has had its "AA-" rating affirmed on $252 million of bonds it holds as well as on its overall debt because of a focused strategy, strong financial profile and robust market share, Fitch Ratings said Dec. 14. Such a "focused strategy" involves improving access, growing primary care, expanding core service lines at its two flagship hospitals and enhancing care at the system's five critical access hospitals, Fitch said of the group. ThedaCare enjoys a 56 percent market share compared with two other multistate systems, namely St. Louis-based Ascension and Downers Grove, Ill.- and Milwaukee-based Advocate Aurora Health with about 30 percent and 11 percent share, respectively, Fitch noted. That market share is bolstered by ThedaCare's "expansive outpatient clinic network" which contributes about 75 percent of the group's revenues, Fitch added. In September, ThedaCare agreed to expand partnerships with the Medical College of Wisconsin and healthcare group Froedtert, both in Milwaukee.
ThedaCare Investments
5 Investments
ThedaCare has made 5 investments. Their latest investment was in Qventus as part of their Corporate Minority on August 8, 2022.
ThedaCare Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
8/10/2022 | Corporate Minority | Qventus | $3M | No | 2 | |
2/28/2022 | Series C | |||||
7/21/2021 | Series B | |||||
3/12/2020 | Series A | |||||
2/9/2016 | Corporate Minority |
Date | 8/10/2022 | 2/28/2022 | 7/21/2021 | 3/12/2020 | 2/9/2016 |
|---|---|---|---|---|---|
Round | Corporate Minority | Series C | Series B | Series A | Corporate Minority |
Company | Qventus | ||||
Amount | $3M | ||||
New? | No | ||||
Co-Investors | |||||
Sources | 2 |
ThedaCare Acquisitions
2 Acquisitions
ThedaCare acquired 2 companies. Their latest acquisition was Hand to Shoulder Center of Wisconsin on November 07, 2019.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
11/7/2019 | Debt | $1.5M | Merger | 1 | ||
11/7/2019 |
Date | 11/7/2019 | 11/7/2019 |
|---|---|---|
Investment Stage | Debt | |
Companies | ||
Valuation | ||
Total Funding | $1.5M | |
Note | Merger | |
Sources | 1 |
ThedaCare Partners & Customers
10 Partners and customers
ThedaCare has 10 strategic partners and customers. ThedaCare recently partnered with Froedtert Health on October 10, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
10/26/2022 | Partner | United States | ThedaCare & Froedtert Health Announce Joint Venture To Create Two Health Campuses - OPEN MINDS ThedaCare and Froedtert Health in Wisconsin announced a new joint venture . | 1 | |
10/13/2022 | Partner | United States | ThedaCare and Froedtert Health announce joint venture The health campuses created by the partnership between ThedaCare and Froedtert Health will be known as health campuses of the future , which will provide patients with convenient access to high-quality health care . | 2 | |
9/20/2022 | Partner | United States | Froedtert to provide specialty services for ThedaCare patients Through this partnership , transplants can be performed in Froedtert Health health network facilities , with the patient returning home for coordinated follow-up and supportive care by ThedaCare . | 4 | |
9/14/2022 | Partner | ||||
12/17/2021 | Partner |
Date | 10/26/2022 | 10/13/2022 | 9/20/2022 | 9/14/2022 | 12/17/2021 |
|---|---|---|---|---|---|
Type | Partner | Partner | Partner | Partner | Partner |
Business Partner | |||||
Country | United States | United States | United States | ||
News Snippet | ThedaCare & Froedtert Health Announce Joint Venture To Create Two Health Campuses - OPEN MINDS ThedaCare and Froedtert Health in Wisconsin announced a new joint venture . | ThedaCare and Froedtert Health announce joint venture The health campuses created by the partnership between ThedaCare and Froedtert Health will be known as health campuses of the future , which will provide patients with convenient access to high-quality health care . | Froedtert to provide specialty services for ThedaCare patients Through this partnership , transplants can be performed in Froedtert Health health network facilities , with the patient returning home for coordinated follow-up and supportive care by ThedaCare . | ||
Sources | 1 | 2 | 4 |
ThedaCare Team
13 Team Members
ThedaCare has 13 team members, including current Chief Executive Officer, President, Imran Amjad Andrabi.
Name | Work History | Title | Status |
|---|---|---|---|
Imran Amjad Andrabi | Chief Executive Officer, President | Current | |
Name | Imran Amjad Andrabi | ||||
|---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer, President | ||||
Status | Current |
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