Corrected: GE Capital to sell $1.5 bln portfolio of healthcare equipment financing
(Corrects headline and paragraph 1 to say GE Capital is selling a portfolio of healthcare equipment financing, not the business) (Reuters) - General Electric Co's finance arm GE Capital said it is selling a $1.5 billion portfolio of its healthcare equipment finance business to U.S. regional lender TIAA Bank. GE's financing arm has been divesting assets worth billions of dollars since 2015 as part of a plan to shrink itself into a smaller, more focused business.
(Corrects headline and paragraph 1 to say GE Capital is selling a portfolio of healthcare equipment financing, not the business)
(Reuters) - General Electric Co's finance arm GE Capital said it is selling a $1.5 billion portfolio of its healthcare equipment finance business to U.S. regional lender TIAA Bank.
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GE's financing arm has been divesting assets worth billions of dollars since 2015 as part of a plan to shrink itself into a smaller, more focused business.
(Reporting by Bharath Manjesh in Bengaluru; Editing by James Emmanuel)
This story has not been edited by Firstpost staff and is generated by auto-feed.
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