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Walter Reed closing after more than 100 years of treating wounded troops

There is some pretty amazing history associated with Walter Reed Army Medical Center. Today's closing ceremony really marks the end of an era.

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Luis Alvarez / AP

Army personnel take part in a flag casing ceremony at Walter Reed Army Medical Center in Washington, Wednesday, July 27. Walter Reed Army Medical Center, the military's flagship hospital where privates to presidents have gone for care for more than a century, is closing its doors.

Luis Alvarez / AP

A member of the U.S. Army Golden Knights parachutes onto the front lawn of the Walter Reed Army Medical Center in Washington, Wednesday, July 27 after a flag casing ceremony. Walter Reed Army Medical Center, the military's flagship hospital where privates to presidents have gone for care for more than a century, is closing its doors.

In a cost-cutting move, Walter Reed Army Medical Center will close its doors for good. The hospital treated many of the country's wounded soldiers, including 18,000 Americans wounded in Iraq and Afghanistan. NBC's Jim Miklaszewski reports.