NY-Presbyterian to take over downtown hospital

WNYC News, January 29, 2013
Downtown Hospital, the last large healthcare facility below 14th Street in Manhattan, is being primed for a takeover by New York-Presbyterian, one of the region's largest networks. New York-Presbyterian has been loosely affiliated with Downtown since 2005—as a "passive parent," according to CEO Dr. Steven Corwin. But with Downtown hemorrhaging cash, Corwin said the time has come to fully absorb the facility, which has played a key part in the history of Manhattan, from the bombing of the J.P. Morgan Company in 1920 to the terrorist attacks on September 11th.

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