Nonprofit Continuum Health Partners, one of New York’s largest hospital systems, has made an offer to take over the financially ailing St. Vincent’s hospital, the city’s last Catholic general hospital, and turn it into an outpatient center, reports The New York Times.

St. Vincent’s has been losing millions of dollars a month and is facing a possible second bankruptcy three years after emerging from its first. The Greenwich Village hospital gained iconic status in the aftermath of the September 11, 2001, terror attacks, when it became a gathering place for people searching for loved ones.

(Free registration is required to view this article.)