Corrected: GE Capital to sell $1.5 bln portfolio of healthcare equipment financing

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.

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