Holy Cross Hospital and Sinai Health System last week announced the signing of a letter of intent to merge.

Holy Cross is an independent 274-bed hospital located on Chicago’s southwest side. Sinai operates a 421-bed hospital that serves Chicago’s west side.

The two filed an application with the state’s regulatory body — the Illinois Health Facilities and Services Review Board — which has oversight of major hospital construction projects and mergers, according to published reports.

Holy Cross is a Roman Catholic hospital with $120 million in annual revenues while Sinai, affiliated with the Jewish United Fund/Jewish Foundation of Metropolitan Chicago, has $409 million in revenues.

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