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 latest deal will help the ambitious second-tier bank become...
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