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GE Healthcare to sell IT unit to Veritas for $1.05 billion

GE Healthcare to sell IT unit to Veritas for $1.05 billionThe information technology business houses its financial management, ambulatory care and workforce management software assets, GE said in a statement. As part of the plan, the company is looking to sell its transportation unit, which makes railway locomotives and the iconic lighting division that makes bulbs for consumers. Morgan Stanley and Keval Health are GE's financial advisers, while Goldman Sachs & Co. and William Blair & Co advised Veritas Capital.