JPMorgan Chase to Acquire InstaMed

instamedJPMorgan Chase & Co. (NYSE: JPM), is to acquire InstaMed, a Philadelphia, PA-based healthcare technology company that specializes in healthcare payments.

The deal is reportedly valued at approx. $600m.

The acquisition will expand the bank’s suite of payment services designed specifically for healthcare consumers, providers, and payers.

Led by Bill Marvin, co-founder and CEO, InstaMed provides a cloud based centralized platform that connects healthcare consumers, providers and payers through a proprietary healthcare payments network, enabling digital payments by sharing information securely and efficiently.
The system integrates into any healthcare IT system.

JPMorgan Chase & Co. is a global financial services firm with assets of $2.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.



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