G.E. Continues Sell-Off With Health Care Lending Business


General Electric continued its campaign to shrink its huge finance arm, announcing on Tuesday that it will sell its health care lending business to Capital One for about $9 billion.

The transaction is the latest part of a sweeping move by the conglomerate to reshape its business, focusing more on its core industrial operations.

That has meant selling off the bulk of GE Capital, once the backbone of G.E.’s profits but which proved a dangerous burden during the financial crisis and then merely a drag on growth afterward. Since announcing its initiative in April, G.E. has sold $26.5 billion worth of real estate assets and a huge lender for private equity takeovers.

Now it is selling its Healthcare Financial Services business, which lends to a wide variety of companies in the industry, including hospitals, drug makers and medical device specialists…

G.E. Continues Sell-Off With Health Care Lending Business

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