Daily News: July 1, 2013

GE Said to be Looking to Sell CareCredit Unit

Reuters reported, citing people familiar with the matter that GE is looking to sell its CareCredit healthcare financing business in a deal that may be valued at about $2 billion.

CareCredit provides consumers with financing to cover healthcare expenses not covered by insurance, Reuters said.

According to Reuters, GE has hired Goldman Sachs to oversee the sale process.

To read the entire Reuters story, click here.