San Francisco-based Dignity Health and Englewood, Colo.-based Catholic Health Initiatives have signed a nonbinding agreement to explore aligning their organizations.
"Healthcare is at a turning point in our nation," said Lloyd H. Dean, president and CEO of Dignity Health. "Through a stronger strategic and financial foundation, an aligned ministry would accelerate our ability to advance our healing mission into the future."
Although the systems didn't provide details Monday about what form the potential alignment could take, they did highlight how the two systems complement one another.
"CHI brings a diverse geographic footprint with proven clinical service lines and home-health capabilities, as well as successful partnerships in research and education," according to the news release. "Dignity Health has a proven operating model that has successfully scaled enterprise-wide initiatives to ensure consistent practices across the system, and is well known for its work with innovative, diversified care-delivery partnerships." Both systems include Catholic and non-Catholic affiliates.
The letter of intent comes after Dignity and CHI launched the Precision Medicine Alliance in September.
More articles on healthcare industry transactions:
20 recent hospital transactions and partnerships
DuPage Medical Group acquires OB-GYN practice
MEDNAX acquires East Coast anesthesia group: 4 things to know