InstaMed

Center City-based InstaMed, the healthcare payments company that hosts an annual user conference, just raised $50 million from a San Francisco-based venture firm.

Carrick Capital Partners Managing Director Jim Madden said the firm recognized the value of InstaMed’s platform offering, which reportedly processes tens of billions of dollars in healthcare payments annually.

As part of the deal, Madden will join the InstaMed board of directors, and Chris Wenner, a Carrick Capital Partners vice president, will become an observer to the board of directors.

Read the full article here.