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JPMorgan’s new health business makes inaugural investment in start-up Vera Whole Health

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A woman walks past JPMorgan Chase & Co’s international headquarters on Park Avenue in New York.

Andrew Burton | Reuters

JPMorgan Chase‘s new healthcare unit has made its first investment, CNBC has learned exclusively.

The bank has agreed to invest $50 million in Vera Whole Health, a Seattle-based start-up that is pioneering a new, subscription-type model for employee healthcare.

Further, through the bank’s Morgan Health unit — a new business unveiled in May after a joint venture with Amazon and Berkshire Hathaway folded — JPMorgan will begin offering Vera’s services to its employees during benefits enrollment season this fall, the companies said.

Vera, founded in 2008, aims to improve…



Source cnbc.com

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