November 16, 2018 / 1:26 PM / 25 days ago

CORRECTED-GE Capital to sell $1.5 bln portfolio of healthcare equipment financing

(Corrects headline and paragraph 1 to say GE Capital is selling a portfolio of healthcare equipment financing, not the business)

Nov 16 (Reuters) - General Electric Co’s finance arm GE Capital said it is selling a $1.5 billion portfolio of its healthcare equipment finance business to U.S. regional lender TIAA Bank.

GE’s financing arm has been divesting assets worth billions of dollars since 2015 as part of a plan to shrink itself into a smaller, more focused business. (Reporting by Bharath Manjesh in Bengaluru; Editing by James Emmanuel)

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