JPMorgan Agrees to Buy InstaMed Health-Care Payments Company (1)

JPMorgan Chase & Co. agreed to buy InstaMed, a health-care payments firm that seeks to link patients, providers and insurance plans.

``We’ve made significant investments in our wholesale-payments business over the years and this acquisition will give us a unique advantage in one of the fastest growing sectors,’' Takis Georgakopoulos, who runs wholesale payments at JPMorgan, said May 17 in a statement.

JPMorgan revamped its treasury-services business earlier this year as it seeks to become a bigger player in the rapidly changing payments industry. The bank combined teams from its consumer and corporate bank to create a group called wholesale ...