Deals
GE Sells Health Finance Unit to Capital One for $9 Billion
This article is for subscribers only.
General Electric Co. agreed to sell its health-care finance unit to Capital One Financial Corp. for about $9 billion as the company accelerates the disposal of its lending operations.
Capital One will acquire the operation and about $8.5 billion of health care-related loans, GE said Tuesday in a statement. Separately, GE reached a deal with an unidentified buyer to sell approximately $600 million of real estate equity investments.