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Capital One to acquire GE's U.S. healthcare finance unit for $9B

Aug 12, 2015 - The Deal Pipeline
Board and Executive Moves-Mergers and Acquisitions

Capital One Financial Corp. (COF) agreed to acquire about $8.5 billion in healthcare-related loans along with the U.S. healthcare lending business of General Electric Co. (GE) in an all-cash deal valued at roughly $9 billion, the McLean, Va.-based financial holding company announced on Tuesday. The deal is expected to close in the fourth quarter. Capital One anticipates that the deal will provide a strong platform for growth and returns, the announcement said.

The deal comes as General Ele...