JPMorgan Chase & Co acquired InstaMed, a transaction announced in May 2019.
InstaMed operates in Payments / healthcare technology, is based in Philadelphia, Pennsylvania, USA. JPMorgan Chase acquired InstaMed, a U.S. healthcare-payments technology company whose platform helps consumers, providers and payers move money in the healthcare system, reduce paper and lower the cost of collecting payments. The deal expanded the firm's Wholesale Payments capabilities in the healthcare vertical.
Deepen the firm's payments franchise in the large, fragmented healthcare-payments market.
Wholesale Payments
We have opened new branches, announced strategic acquisitions like InstaMed, and invested in digital products to deepen our engagement with our customers.JPMorgan Chase, 2Q19 earnings press release (Item 2.02 Ex-99.1)
Advisory firms were not disclosed for this transaction.