Capital One and Apollo line up bids for GE healthcare lender

Capital One Financial Corp and Apollo Global Management have made offers for General Electric Co's healthcare finance unit, which could fetch more than $11 billion, people with knowledge of the matter said.

Ares Management LP and Ventas Inc also bid for the unit, which offers mortgages and business loans to nursing homes and other healthcare providers, said the people, who asked not to be identified because the matter is private.

Initial bids were made by June 18, with the next round of offers this month. GE is working with JPMorgan Chase & Co on the sale and may select a buyer by the end of July, they said.