Downtown Hospital, which teetered on the edge of bankruptcy before being recently acquired by New York Presbyterian, is dismissing about 70 medical residents.
Manhattan's only hospital south of 14th Street will cease to be a teaching hospital at the end of June, officials said.
In a brief email statement on Wednesday, hospital officials said they decided to focus Downtown's resources on "providing enhanced healthcare services to its communities," rather than educating physicians. Downtown said it would help residents find new positions at other hospitals.
Downtown has had several locations in its 150-year-old history. It was founded by Elizabeth Blackwell, the country's first female doctor, and was the first hospital patients were brought to on September 11, 2001.