GE to sell healthcare finance business to Capital One for $9 billion

The logo of General Electric is pictured at the 26th World Gas Conference in ParisReuters reported last week that Capital One was in exclusive talks to acquire GE&;s healthcare finance unit and that it had outbid other potential buyers in an auction for the unit. The size of GE&039;s finance arm — GE Capital — and the potential risk stemming from its lending portfolio has made it subject to government oversight. "This addition will catapult us to a leading market position in providing financial services to the healthcare sector," said Michael Slocum, president of Capital One&039;s Commercial Bank.

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China’s much-hyped healthcare reform drive stuck in first gear

File picture of doctors operating on a patient using a surgical robot in HefeiBy Adam Jourdan SHANGHAI (Reuters) – Li Tiantian, a Chinese doctor turned tech entrepreneur, is a leading light of the country&;s much-trumpeted healthcare reform drive. DXY is exactly what Beijing has said it&039;s looking to support after it pinpointed remote healthcare, Internet and technology as drivers to solve its healthcare woes in a 5-year roadmap in March. The reality is rather different: DXY is curbing plans to work with public hospitals to help connect doctors and patients online because of a lack of support by Beijing and obstacles working with China&039;s huge, fragmented public healthcare sector.

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