07:29 AM EDT, 09/24/2024 (MT Newswires) -- JPMorgan Chase's ( JPM ) Morgan Health unit and Cone Health Ventures provided $75 million equity and debt financing to healthcare firm Centivo, Reuters reported Tuesday, citing Centivo.

Centivo did not provide details of the valuation at which it raised the latest capital, the report said.

Centivo plans to utilize the new capital to enhance its product technology and form new collaborations, the report said.

"JPMorgan Chase ( JPM ), along with other employers, are seeking opportunities to strengthen their employee health and well-being offerings without raising premium costs," Reuters quoted JPMorgan's ( JPM ) vice chairman, Peter Scher, as saying.

JPMorgan ( JPM ), Centivo, and Cone Health did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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