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ThedaCare company logo
Corporation
HEALTHCARE | Medical Facilities & Services / Hospitals
thedacare.org

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Investments

3

Partners & Customers

10

About ThedaCare

ThedaCare operates a community health system consisting of five hospitals, numerous clinics, healthcare providers, doctors and related services.

ThedaCare Headquarter Location

P.O. Box 8003

Appleton, Wisconsin, 54912,

United States

920-996-3200

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ThedaCare Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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ThedaCare Rank

Latest ThedaCare News

Panda Health Announces New Investors and GPO Agreement with Vizient, Inc. for its Digital Health Solutions Platform

Aug 24, 2021

August 24, 2021 06:00 AM Eastern Daylight Time ATLANTA--( BUSINESS WIRE )-- Panda Health Inc. , a marketplace that connects buyers and sellers of digital health technologies, today announced it has entered a new phase of growth after recent capital investments by a group of high-profile health care stakeholders led by Vizient, Inc . In addition, Panda has received an agreement with Vizient to offer its platform of digital health solutions at contracted savings to its member hospitals effective immediately. Panda was established in Q3 2020 by founding health systems Gundersen Health System, CentraCare, ThedaCare and development partner Fitzroy Health. Its platform is designed to help health care organizations execute on their digital health strategy as a trusted partner to source, procure, and deploy digital health solutions economically, safely, and at speed. The company’s second round of Seed Series funding was led by Vizient and included health care providers Bellin Health, BJC HealthCare, Dartmouth-Hitchcock, Ochsner Health, UW Health, Yale New Haven Health and technology partner CitiusTech. "We are both excited and honored to have the investment support of Vizient and this amazing group of health care organizations,” said David Harvey, CEO of Panda. “We are also excited now to have a contract with Vizient which will enable us to help their members source, implement and manage best-in-class digital health solutions more quickly, safely, and economically than ever before. It is imperative that health care organizations transform digitally as fast as possible to meet the needs and demands of patients and the providers that serve them. Panda's Marketplace has been designed to do just that." By entering this new phase of growth, Panda will expand its inventory across a broader range of digital health categories featuring best-in-class suppliers. The capital investment will also fund development of additional technology, data infrastructure, and operational scale to enhance marketplace efficiency and insights for Panda’s buyers and suppliers. “Vizient members know that embedding digital innovations and workflows across the care continuum is critical to delivering their health care mission however, there are dozens of digital health categories and literally thousands of technologies available today,” said John Becker, group senior vice president, Strategic Growth, Vizient. “Panda is aligned with our members’ strategic and operational needs for faster, simpler technology procurement and adoption. We are excited to be able to support our members who have invested as well as offer our membership contracted saving for their services.” Through its marketplace, Panda vets and assesses digital health technologies across dozens of different categories and invites those suppliers that meet their rigorous functional, technical, and service requirements to participate in the marketplace. Health systems utilizing the Panda marketplace shop and procure the technologies that meet their specific needs and Panda assists with the selection, implementation, and ongoing contract management. By offering a catalog of standardized supplier contracts and support services, Panda is able to deliver on its commitment to significantly reduce vendor selection and procurement cycle times, usually by more than half. “For Vizient members, digital enablement is critical to their enterprise and consumer strategies in transforming access to care and care delivery, yet the market is flooded with solutions that make it impossible for providers to discern which ones are right for what they are trying to achieve. Panda is meeting this challenge for providers and suppliers,” said Crystal Mullis, vice president, Member-Backed Ventures for Sg2, a Vizient subsidiary company. About Panda Panda Health is a marketplace that transforms how health systems discover, procure, and implement digital innovations that make life better for consumers. Formed in 2020 as an independent company, Panda was developed by leading health systems Gundersen Health System, CentraCare, and ThedaCare in partnership with Fitzroy Health , the development and investment firm in New York. About Vizient Vizient, Inc . provides solutions and services that improve the delivery of high-value care by aligning cost, quality and market performance for more than 50% of the nation’s acute care providers, which includes 97% of the nation’s academic medical centers, and more than 20% of ambulatory care providers. Vizient provides expertise, analytics and advisory services, as well as a contract portfolio that represents more than $110 billion in annual member purchasing volume, to improve patient outcomes and lower costs. In 2021, Vizient acquired Intalere, which expanded its footprint with ambulatory and rural acute care providers. Vizient has earned a World’s Most Ethical Company designation from the Ethisphere Institute every year since its inception. Headquartered in Irving, Texas, Vizient has offices throughout the United States. Learn more at http://www.vizientinc.com/ . Contacts

ThedaCare Investments

3 Investments

ThedaCare has made 3 investments. Their latest investment was in b.well as part of their Series B on July 7, 2021.

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ThedaCare Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/21/2021

Series B

b.well

$32M

No

4

3/12/2020

Series A

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$99M

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10

2/9/2016

Corporate Minority

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$99M

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10

Date

7/21/2021

3/12/2020

2/9/2016

Round

Series B

Series A

Corporate Minority

Company

b.well

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Amount

$32M

$99M

$99M

New?

No

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Co-Investors

Sources

4

10

10

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

Merger

$1.5M

Merger

1

11/7/2019

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$99M

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10

Date

11/7/2019

11/7/2019

Investment Stage

Merger

Companies

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Valuation

Total Funding

$1.5M

$99M

Note

Merger

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Sources

1

10

ThedaCare Partners & Customers

10 Partners and customers

ThedaCare has 10 strategic partners and customers. ThedaCare recently partnered with b.well on July 7, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

7/9/2020

Partner

b.well

United States

ThedaCare Introducing 'Ripple' To The Community And Announcing Partnership With B.well Connected Health

Today , ThedaCare , in partnership with b.well Connected Health , is proud to announce the launch of a powerful , interactive health management tool called Ripple .

2

5/21/2020

Partner

Neuroscience Group

United States

ThedaCare, Neuroscience Group Enhancing Access to Surgical Technology. First Spine Surgeries Performed in Region Using Mazor X Robotic Platform – thedacare.org

ThedaCare , in partnership with Neuroscience Group , is one of the first in the area to offer this spine surgical technology to patients and is one of the first to adopt this technology in the United States .

1

10/3/2019

Partner

Bellin Health

United States

BELLIN AND THEDACARE ANNOUNCE CARDIOVASCULAR CARE PARTNERSHIP. Enhancing Access as the Region’s Largest and Most Comprehensive Heart Team.

In 2017 , a new partnership between Bellin Health , ThedaCare and HealthPartners formed to create Robin by HealthPartners , which the systems use to self-insure employees and their dependents .

2

8/15/2019

Partner

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10

8/15/2019

Partner

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10

Date

7/9/2020

5/21/2020

10/3/2019

8/15/2019

8/15/2019

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

b.well

Neuroscience Group

Bellin Health

Country

United States

United States

United States

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News Snippet

ThedaCare Introducing 'Ripple' To The Community And Announcing Partnership With B.well Connected Health

Today , ThedaCare , in partnership with b.well Connected Health , is proud to announce the launch of a powerful , interactive health management tool called Ripple .

ThedaCare, Neuroscience Group Enhancing Access to Surgical Technology. First Spine Surgeries Performed in Region Using Mazor X Robotic Platform – thedacare.org

ThedaCare , in partnership with Neuroscience Group , is one of the first in the area to offer this spine surgical technology to patients and is one of the first to adopt this technology in the United States .

BELLIN AND THEDACARE ANNOUNCE CARDIOVASCULAR CARE PARTNERSHIP. Enhancing Access as the Region’s Largest and Most Comprehensive Heart Team.

In 2017 , a new partnership between Bellin Health , ThedaCare and HealthPartners formed to create Robin by HealthPartners , which the systems use to self-insure employees and their dependents .

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Sources

2

1

2

10

10

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

laura reed

Chief Operating Officer

Current

Jim Albin

Chief Information Officer

Current

Michael Hooker

Bon Secours Mercy Health, Prima Health Care, and Mercy Health

Chief Medical Officer

Current

Greg Long

Chief Medical Officer, Senior Vice President

Current

Name

Imran Amjad Andrabi

laura reed

Jim Albin

Michael Hooker

Greg Long

Work History

Bon Secours Mercy Health, Prima Health Care, and Mercy Health

Title

Chief Executive Officer, President

Chief Operating Officer

Chief Information Officer

Chief Medical Officer

Chief Medical Officer, Senior Vice President

Status

Current

Current

Current

Current

Current

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