Capital One finalizes acquisition of GE Capital Healthcare Financial Services
Capital One Financial Corp. has completed its acquisition of General Electric Capital Corp.'s Healthcare Financial Services lending business.
The business will be combined with Capital One's existing healthcare banking business to form Capital One Healthcare, which has more than $11 billion in total outstanding balances. The new organization will offer tailored financing solutions designed to help support and grow organizations, providing financing to companies in various sectors, including senior housing, healthcare services, hospitals, medical offices, pharmaceuticals, medical devices and healthcare IT.
Darren Alcus, former president of GE Capital, Healthcare Financial Services, has been named president of Capital One Healthcare and will report to Michael Slocum, president of Capital One's Commercial Bank.