Colorado-based Catholic Health Initiatives has signed a non-binding letter of intent to combine with Dignity Health, a merger that would bring together two of the five largest nonprofit health systems in America and create a faith-based health network that has nearly a nationwide reach.

The proposed deal, which the two systems described as a potential “aligning” of their organizations, was announced Monday.

It comes one month after Arapahoe County-headquartered CHI and San Francisco-based Dignity Health formed a partnership to create the largest community-based precision-medicine organization in the country, Precision Medicine Alliance LLC, to research and implement patient-focused treatments rather than across-the-board care.

Bringing the two organizations together in their operational structure would create a nationwide powerhouse in the health system and allow them to used their combined resources to find paths forward in the ever-changing world of health care.

Read more at the Denver Business Journal: