(Corrects headline and paragraph 1 to say GE Capital is selling a portfolio of healthcare equipment financing, not the business)
(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)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)