GE Healthcare Unloads Lending Care Biz for $9 Billion
The diversified conglomerate GE wants to shift its focus back to manufacturing, and is in the process of dismantling its $200 billion financial business known as GE Capital, which proved to be a liability for the firm during the Great Recession.
The company’s GE Healthcare division is falling in line with this strategy, and is selling off its healthcare lending business for $9 billion, which will significantly boost Capital One’s healthcare investing business.
The deal will include $8.5 billion worth of loans to medical device and pharmaceutical companies as well as developers of senior housing, medical office buildings, and hospitals.
Help employers find you! Check out all the jobs and post your resume
The company’s GE Healthcare division is falling in line with this strategy, and is selling off its healthcare lending business for $9 billion, which will significantly boost Capital One’s healthcare investing business.
The deal will include $8.5 billion worth of loans to medical device and pharmaceutical companies as well as developers of senior housing, medical office buildings, and hospitals.
Help employers find you! Check out all the jobs and post your resume