Business Roundup: Independent Hospitals Disappearing in OH

John Commins, for HealthLeaders Media , July 8, 2013

NY Downtown Hospital Merges with NY-Presbyterian

New York Downtown Hospital has been acquired by New York Presbyterian, the two hospitals announced. Financial terms were not disclosed.

The 180-bed community hospital, now renamed NewYork-Presbyterian/Lower Manhattan Hospital, remains the only hospital south of 14th Street in Manhattan.

Steven J. Corwin, MD, the CEO of NY-Presbyterian said NY-Presbyterian/Lower Manhattan plays a critical role in the healthcare of the community. "As the only acute care hospital serving lower Manhattan, this campus is vital to meeting the healthcare needs of many populations," Corwin said in a media release. "We are working closely with the community, as well as with Weill Cornell Medical College and Weill Cornell physicians, to create a first-class campus that provides the highest quality, most compassionate care and service for patients and their families."

NY-Presbyterian/Lower Manhattan joins the five other campuses of NY-Presbyterian: NewYork-Presbyterian/Weill Cornell Medical Center, NewYork-Presbyterian/Columbia University Medical Center, NewYork-Presbyterian/Morgan Stanley Children's Hospital, NewYork-Presbyterian/The Allen Hospital and NewYork-Presbyterian Hospital/Westchester Division.

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