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.