MILWAUKEE (Oct. 3, 2023) — Froedtert Health and Ascension Wisconsin have signed an agreement that will allow Froedtert Health to purchase Ascension Wisconsin’s interest in Network Health, a provider of customized commercial and Medicare health insurance plans. Each organization currently has a 50% interest in the Wisconsin-based insurer, which offers plans for employers, individuals and families in 23 Wisconsin counties.
“The opportunity to acquire 100% ownership of Network Health is consistent with our mission to advance the health of the people of the diverse communities we serve through exceptional care enhanced by innovation and discovery,” said Cathy Jacobson, president and CEO, Froedtert Health. “As a proven health insurance plan that consistently receives top ratings from the Centers for Medicare and Medicaid Services, we’re confident this investment will complement our robust population health strategy, allowing us to care for more people at the right place and at the right time.”
Existing Network Health members will not experience any network disruption resulting from the acquisition. Ascension Wisconsin will extend its provider agreement post-closing to remain in-network for Network Health members.
A closing date will be determined following regulatory review and approval.
About Network Health
Founded in 1982, Network Health offers customized commercial and Medicare health insurance services to employers, individuals and families in more than 23 counties throughout Wisconsin. Through its strong reputation for quality health care coverage and superior customer service, Network Health has grown to serve more than 117,000 members. In 2023, Network Health has a 5 out of 5 Star Rating for their Medicare Advantage PPO plans from the Centers for Medicare & Medicaid Services (CMS), outperforming the national average of 4 Stars. Every year, Medicare evaluates plans based on a 5 Star Rating system. Network Health ACA plans are rated 5 out of 5 Stars by CMS for 2022 and is one of the top-rated plans for quality in the State of Wisconsin Group Health Insurance Program. Learn more at networkhealth.com. Visit our blog at networkhealth.com/grow-in-the-know/.
About Froedtert Health
Froedtert Health is a Milwaukee, Wisconsin-based, integrated health care system providing a variety of health-related services, including hospitals and health centers, home care, laboratory, health insurance, employer health services and workplace clinics, and digital health solutions.
About Ascension Wisconsin
In Wisconsin, Ascension operates 17 hospital campuses, more than 100 related healthcare facilities and employs more than 1,100 primary and specialty care clinicians from Racine to Appleton. Serving Wisconsin since 1848, Ascension is a faith-based healthcare organization committed to delivering compassionate, personalized care to all, with special attention to persons living in poverty and those most vulnerable. As one of the leading non-profit and Catholic health systems in the U.S., Ascension operates more than 2,600 sites of care – including 139 hospitals in 19 states. Visit www.ascension.org.