JP Morgan Chase To Buy Medical Payments Co. InstaMed

Law360 (May 17, 2019, 8:43 PM EDT) -- J.P. Morgan Chase announced on Friday its intention to purchase health care payments company InstaMed, which features a cloud-based payments platform, bolstering the bank’s investments in payment services and making inroads into the health care industry.

The expected InstaMed purchase is the latest investment by the bank in its wholesale payments business, with the group’s global head, Takis Georgakopoulos, saying in a statement that the acquisition will bolster J.P. Morgan Chase & Co.’s presence in one of the “fastest-growing sectors.”

InstaMed and its management are being advised by Pepper Hamilton LLP and Morgan Lewis & Bockius LLP, with J.P. Morgan Chase...

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