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