GE looking to sell healthcare financing unit

Reuters, July 1, 2013
(Reuters) - General Electric Co (GE.N) is looking to sell its CareCredit healthcare financing business - a unit within its massive GE Capital financial arm - in a deal that may be valued at about $2 billion, people familiar with the situation told Reuters on Friday. GE has hired Goldman Sachs Group Inc (GS.N) to oversee the sale process and has attracted buyout interest from a few banks as well as at least one nonbank financial services firm, according to the four sources, who wished to remain anonymous because they are not permitted to speak to the media.

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