Jun
25
GE Health-Care Lender Receives Bids From Capital One, Apollo
ByCapital One Financial Corp. and Apollo Global Management have made offers for General Electric Co.’s health-care finance unit, which could fetch more than $11 billion, people with knowledge of the matter said.
Ares Management LP and Ventas Inc. also bid for the unit, which offers mortgages and business loans to nursing homes and other health-care providers, said the people, who asked not to be identified because the matter is private.
Initial bids were due June 18, with the next round of offers due in early July, the people said. GE is working with JPMorgan Chase & Co. on the sale and may select a buyer by the end of July, they said…
GE Health-Care Lender Receives Bids From Capital One, Apollo
