PE Hub Buyouts: Reports: InstaMed seeking buyer

Tom Paine


Follow @phillytechnews

 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email

A snippet from PE Hub Buyouts website:



InstaMed, the venture capital-backed healthcare payments company, is exploring a sale, according to three sources. The Philadelphia, Pennsylvania company has tapped FT Partners for financial advice, they said. InstaMed is seeking $500 million to $600 million, according to one of ...


From my recent post, Any Philly Tech IPO candidates this year? Maybe


InstaMed: This Philly-based medical payments firm has done an outstanding job in developing its niche, and has an army of venture capitalists behind it. Its last public statement on revenue was $31 million in 2015, and it has grown considerably since then. The company told me a couple of years ago that its investors were not pressuring it to go in any particular direction. Though the VCs must be feed sooner or later.

But InstaMed must balance a complicated web of industry relationships which may define its options. Epic Systems, which bought some iconic artwork from a closing Madison, Wisconsin deli last year, rarely buys anything. But it does have a "unique" relationship with InstaMed . Perhaps one of these years.



InstaMed has raised $134.2M in funding to date, per CrunchBase.