April 2, 2018 / 4:28 PM / 6 months ago

GE Healthcare to sell certain software assets for $1.05 billion

(Reuters) - General Electric Co said on Monday it would sell its financial management, ambulatory care and workforce management software unit from its healthcare business to private equity firm Veritas Capital for $1.05 billion (746.80 million pounds) in cash.

FILE PHOTO: The General Electric logo is pictured on the General Electric offshore wind turbine plant in Montoir-de-Bretagne, near Saint-Nazaire, western France, November 21, 2016. REUTERS/Stephane Mahe/File Photo

The transaction is expected to close during the third quarter of 2018.

Reporting by Sanjana Shivdas in Bengaluru; Editing by Anil D'Silva

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