Froedtert Health and ThedaCare signed a letter of intent to merge, potentially forming a roughly $5 billion system with 18 hospitals in Wisconsin.
Milwaukee-based Froedtert and Neenah, Wisconsin-based ThedaCare on Tuesday announced the combination, which executives said would improve recruitment and retention efforts, advance research at the Medical College of Wisconsin and expand services.
“We didn’t do this because either one of us…