GE continues to grow and extend its finance portfolio. GE has officially agreed to an $8.5 billion deal in the sale of its healthcare finance unit with Capital One. As you already know Capital One is one of the most successful banks in the US as well as one of the fastest growing.
The deal is set to have Capital One pay a 6% premium to the value of the unit’s loans in order to acquire the business. This move will help Capital One become a major contender in the commercial bank space. The healthcare unit provides specialized financing to companies, developers, investors, and many sectors within the industry including hospitals and medical device organizations. Read more →