About This Deal

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

Deal Terms

Acquirer
JPMorgan Chase & Co
Target
InstaMed
Value
Not disclosed
Date
May 2019
Type
Full acquisition
Status
Ready

Transaction Details

Target HQ
Philadelphia, Pennsylvania, USA
Segment
Payments / healthcare technology
Announced
May 17, 2019

In Their Words

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)

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

See how Top Bucket AI works for your firm

Request Demo
Top Bucket AI Research

Stay ahead of private markets

Research and market intelligence for private-markets professionals.

✓

You're subscribed.

Thanks for signing up.