It has been reported that General Electric Co will sell its US healthcare finance unit to an American bank holding company, Capital One Financial Corp for nearly $9 billion. With this, GE will take one more step in direction of removing finance assets worth nearly $100 billion by the end of 2015.

Under the deal, healthcare-related loans will be sold that are worth $8.5 billion. According to Michael Slocum, President of Capital One's Commercial Bank, "This is a strategic investment in a specialty industry segment that we have been building out for the past several years. This addition will catapult us to a leading market position in providing financial services to the healthcare sector".

Darren Alcus who is the current head of Healthcare Financial Services will be assuming the same position in Capital One. According to Slocum, the addition will take them to a top market position in offering financial services to the healthcare sector.

As per reports, healthcare finance unit of GE provides direct loans to companies related to healthcare product and services. In addition to that it provides real estate loans to them who operate nursing homes, assisted living facilities and medical practices.

Earlier, GE announced regarding sale of approximately $26 billion of real estate assets to Blackstone Group LP and Wells Fargo & Co. Consequently, GE also agreed to sell the private equity lending portfolio for $12 billion to Canada Pension Plan Investment Board. As per reports, on Tuesday, Capital One's shares rose marginally at $81.43 in extended trading.