May 17, 2019 / 2:33 PM / a month ago

JPMorgan to acquire healthcare payments company Instamed

NEW YORK, May 17 (Reuters) - JPMorgan Chase & Co said Friday it is acquiring Instamed, a U.S. healthcare payments technology company.

The deal will allow the largest U.S. bank by assets the ability to expand its healthcare payers business through Instamed’s network of healthcare providers, payers and consumers.

JP Morgan is paying more than $500 million for the business, CNBC reported earlier on Friday. (Reporting By Elizabeth Dilts)

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