Capital One, Others Bid on GE’s Healthcare Finance Unit

Bloomberg reported, citing people with knowledge of the matter, Capital One Financial and Apollo Global Management have made offers for GE’s healthcare finance unit, which could be worth more than $11 billion.

Other bidders include global alternative asset management firm Ares Management and real estate investment trust Ventas, the sources added.

Bloomberg noted, according to the people, initial bids were due earlier this month, with the next round of offers due in early July. GE is working with JPMorgan Chase on the sale and may select a buyer by the end of July, Bloomberg said.

Read the full Bloomberg report here.

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