New York Downtown Hospital has merged with NewYork-Presbyterian Hospital.

NewYork-Presbyterian says the 180-bed community hospital will be called NewYork-Presbyterian/Lower Manhattan Hospital. It’s the only acute care hospital below 14th Street. It serves about 750,000 residents and visitors.

NewYork-Presbyterian made the announcement Monday.

The merger was approved by the New York State Department of Health.

NewYork-Presbyterian is one of the city’s largest academic medical centers.

New York Downtown has been affiliated with NewYork-Presbyterian health care system while maintaining separate operations.

It became vital to lower Manhattan after St. Vincent’s Hospital declared bankruptcy in 2010.

New York Downtown was projected to face a significant operating loss in 2013.

(AP)