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Bloomberg: GE Healthcare Lender Receives Bids From Capital One, Apollo

June 26, 2015, 08:02 AM
Filed Under: Industry News

Bloomberg reports that Capital One Financial Corp. and Apollo Global Management have made offers for General Electric Co.’s health-care finance unit, which could fetch more than $11 billion, according to people familiar with the matter.

In addition, the Bloomberg article note Ares Management LP and Ventas Inc. also bid for the unit, which offers mortgages and business loans to nursing homes and other healthcare providers.

Initial bids were due June 18, with the next round of offers due in early July notes the Bloomberg article.

To view the entire story on Bloomberg, click here.

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