Veritas Capital To Buy GE Healthcare Biz For $1B

Law360 (April 2, 2018, 7:42 PM EDT) -- General Electric and Veritas Capital on Monday said an affiliate of the New York-based private equity firm had inked a cash deal to buy a trio of assets from GE Healthcare for $1.05 billion.

A GE representative told Law360 on Monday that the deal includes all of GE Healthcare's value-based care division, which the announcement says is made up of its enterprise financial management, ambulatory care management and workforce management assets.

The deal is expected to close during 2018's third quarter, the companies said, and a Veritas spokesperson added that the unit's management and employees will transition to Veritas once the...

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