Corrected: GE Capital to sell $1.5 bln portfolio of healthcare equipment financing

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.

(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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Updated Date: Nov 17, 2018 00:05:19 IST

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