General Electric agreed to sell its healthcare finance unit for $8.5 billion to Capital One, as America’s best known conglomerate unwinds its finance arm and returns to its industrial roots. The latest sale will take GE’s announced divestitures of finance assets to about $78 billion. Capital One to pay 6% premium for General Electric’s healthcare finance unit General Electric unveiled its plans to sell its Healthcare Financial Services U.S. Lending business to Capital One on Thursday, one of the fastest growing U.S. banks. The Healthcare Financial Services unit provides mortgages and loans to nursing homes and other health-care companies. The…
General Electric Makes $8.5B Deal To Sell Healthcare Finance Unit To Capital One
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports