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Sinai Health, Holy Cross Hospital in Chicago to Merge

Holy Cross Hospital and Sinai Health System, both based in Chicago, have signed a letter of intent to merge, according to a Crain's Chicago Business report.

In May, Sinai and Holy Cross disclosed they were in talks for a possible partnership. Holy Cross has been looking for a partner since June 2011 when Nashville, Tenn.-based Vanguard Health Systems walked away from a deal to buy the hospital.

The hospitals' application for a merger was filed with the Illinois Health Facilities and Services Review Board. If the merger receives approval, the deal could complete Dec. 31. Under the proposed deal, Holy Cross would retain its Catholic identity.

More Articles on Hospital Partnerships:

Tufts Medical Center, Vanguard Health Systems Announce Joint Venture
Emory Healthcare, Southern Regional Health Reach Management Deal
BayCare Health System, Sarasota Memorial Health Discuss Alliance

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