InstaMed Expands Philadelphia Headquarters Newly-created InstaMed Collaboration Center established to spark innovation through collaboration (Press Release)

InstaMed Expands Philadelphia Headquarters
Newly-created InstaMed Collaboration Center established to spark innovation through collaboration

September 20, 2018 09:00 AM Eastern Daylight Time
PHILADELPHIA--(BUSINESS WIRE)--InstaMed, healthcare’s most trusted payments network, announced today that it has expanded its Philadelphia headquarters, adding a third floor at 18th and JFK Boulevard. The new space will be anchored by the InstaMed Collaboration Center, a 3,200 square foot space to be used by payers, providers, consumers and healthcare IT vendors for innovation, demonstrations, training sessions and company meetings all intended to foster continued innovation that powers better healthcare payments experiences. Additionally, InstaMed will open its Collaboration Center to other creators and innovators in the Philadelphia business community with the belief that great achievements and innovations can be ignited and realized through collaboration.

“InstaMed is exclusively focused on healthcare payments and is committed to building a single network that simplifies the healthcare payments experience for all providers, payers and consumers. Collaboration has always been a key factor in our journey towards accomplishing this complex mission”
Tweet this
InstaMed has grown to become the largest privately held Fintech and Healthcare IT company headquartered in Philadelphia with more than 275 employees. InstaMed’s growth has been fueled by building innovative, scalable solutions for healthcare providers and payers to address the rise in consumer healthcare expenses along with the need for the healthcare industry to move from legacy paper based transactions to electronic transactions. The InstaMed Network will process over $70 billion in healthcare payments in 2018 while connecting providers, payers and consumers for a better healthcare payments experience.

“InstaMed is exclusively focused on healthcare payments and is committed to building a single network that simplifies the healthcare payments experience for all providers, payers and consumers. Collaboration has always been a key factor in our journey towards accomplishing this complex mission,” explained Bill Marvin, President and CEO of InstaMed. “This new space will help us advance this important mission, and it will allow us to open up and share our assets and collaborative approach with other entrepreneurs and business leaders in the Philadelphia community.”

About InstaMed

InstaMed powers a better healthcare payments experience on one platform that connects consumers, providers and payers for every healthcare payment transaction. InstaMed’s patented, private cloud-based technology securely transforms healthcare payments by driving electronic transactions, moving money and healthcare data seamlessly and improving consumer satisfaction. Everyone benefits from InstaMed’s exclusive focus on healthcare, integration into any healthcare IT system, robust analytics and proven scale.

Broadpath PR
Kevin Jurrens, 215-644-6504


More NewsRSS feed for InstaMed
Broadpath PR
Kevin Jurrens, 215-644-6504

Comcast's acquisition of Sky; Insights & views

Tom Paine

 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email

'“The price being paid for Sky is shocking, but it is a clear sign that legacy media companies are desperate for scale in a world dominated by tech platform giants,” said Richard Greenfield, technology and media analyst at research firm BTIG.'

"Sky also gives Comcast an immediate beachhead in online video streaming with its Now TV business, which has about 2 million customers."

"The bigger picture: Fox still owns a 39% minority in Sky, which will go to the Walt Disney Company upon the completion of its acquisition of Fox's entertainment assets. Disney could potentially sell its minority stake to Comcast."

"Crucially for Comcast, Sky has a growing video-streaming business. Roberts has said he was “terribly impressed” with Sky’s market-leading Q box platform, which is also a rich source of data on customer viewing behavior. Comcast estimates that owning Sky will create $500 million in synergies, partly through selling Sky content in the U.S. and NBC programming in Europe."

Comcast Corporation Prevails with Highest Offer Price in Auction for Sky plc. (Press Release)

Comcast Corporation Prevails with Highest Offer Price in Auction for Sky plc
Announcement of Auction Result
Second Extension and Acceptance Level Update
Offer Extension and Acceptance Level Update
Comcast Corporation Statement on Twenty-First Century Fox
Publication of Offer Document
Comcast Corporation Increases Superior Cash Offer for Sky plc
Recommended Increased Cash Offer for Sky plc
Update on Comcast’s Superior Cash Offer for Sky
Adoption of Post-Offer Undertakings
Rule 2.7 Announcement
Comcast Announces Superior Cash Proposal For Sky
Rule 2.4 Announcement
Comcast Corporation Announces a Firm Superior Cash Offer for Sky plc

Investor Call Presentation
UK Investor Call
UK Investor Call Transcript
US Investor Call
US Investor Call Transcript
Morgan Stanley Investor Conference Transcript
Deutsche Bank Investor Conference Transcript

New Term Loan Credit Agreement
New Term Loan Credit Agreement Guarantee
New Fee Letter – Wells Fargo
New Fee Letter – Merrill Lynch
Bridge Amendment Agreement
Revolving Facility Agreement
Bridge Credit Agreement
Bridge Credit Agreement Guarantee
Term Loan Credit Agreement Guarantee
Term Loan Credit Agreement
Fee Letter

About Comcast NBCUniversal
About Sky Assets
NBCUniversal in the UK

VOLUME 57,634,240
CHANGE + 0.09
09/21/18 4:00 PM EDT
Copyright Nasdaq.
Minimum 15 Min Delayed.
Detailed Quotes


Email Alerts
RSS Feeds
IR Contact
Xfinity Customer Support
Site Map
© 2018 Comcast | | Comcast Business | Internet Service | TV Service | Xfinity Home


Comcast Corporation (“Comcast”) offer for Sky plc (“Sky”) (the “Offer”)




If you would like access to the Information, please read this notice carefully. It applies to all persons who view this Microsite and, depending on who you are and where you live and/or are located, it may affect your rights and/or responsibilities. Comcast reserves the right to amend or update this notice at any time and you should, therefore, read it in full each time you visit the site. In addition, the contents of this Microsite may be amended at any time, in whole or in part, at the sole discretion of Comcast.

Basis of access

The Information is made available for information purposes only, and does not constitute or form any part of an offer to sell or otherwise dispose of or an invitation or the solicitation of any offer to purchase or otherwise acquire any securities, or the solicitation of a vote or approval, pursuant to the Offer or otherwise in any jurisdiction in which such offer or solicitation is unlawful.

The Information speaks only at the specified date of the relevant document or announcement reproduced in this Microsite, and Comcast does not have, or accept, any responsibility or duty to update or revise any such Information (other than to the extent such duty arises as a matter of law or regulation) and reserves the right to add to, remove or amend any Information reproduced in this Microsite at any time, in whole or in part, at its sole discretion.

In relation to any Information contained in this Microsite, the only responsibility accepted by Comcast and its directors is for the correctness and fairness of the Information’s reproduction or presentation unless a responsibility statement in any relevant document expressly provides otherwise. Neither the directors of Comcast nor any of its associated companies have reviewed, and no such person is or shall be responsible for, or accepts any liability in respect of, any information contained on any other website which may be linked to or from this Microsite.

Forward-looking statements

The Information (including information incorporated by reference), may contain statements which are, or may be deemed to be, "forward looking statements". Such forward looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and on numerous assumptions regarding the business strategies and the environment in which Comcast and Sky and their respective associated companies will operate in the future and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements.

The forward looking statements contained in the Information may relate to the financial position, business strategy, plans and objectives of management for future operations of Comcast and Sky and their respective associated companies, and other statements other than historical facts. In some cases, these forward looking statements can be identified by the use of forward looking terminology, including the terms "believes", "estimates", "plans", "prepares", "anticipates", "expects", "is expected to", "is subject to", "budget", "scheduled", "forecasts", "intends", "may", "will" or "should" or their negatives or other variations or comparable terminology. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. If any one or more of these risks or uncertainties materialises or if any one or more of the assumptions prove incorrect, actual results may differ materially from those expected, estimated or projected. Such forward looking statements should therefore be construed in the light of such factors. Neither Comcast nor any of its associates, directors, officers or advisers, provides any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward looking statements in the Information will actually occur. Given these risks and uncertainties, you should not place any reliance on forward looking statements, which speak only as of the date of the relevant document. Comcast expressly disclaims any obligation or undertaking to update or revise any forward-looking statement (except to the extent legally required).

Unless expressly stated otherwise, no statement contained or referred to in this Microsite is intended to be a profit forecast or profit estimate.

Important information for U.S. shareholders

Sky is a public limited company incorporated in England. The Offer will be made to Sky shareholders in the United States in compliance with the applicable U.S. tender offer rules under the U.S. Securities Exchange Act of 1934, as amended (the “U.S. Exchange Act“), including Regulation 14E thereunder, and otherwise in accordance with the requirements of English law. Accordingly, the Offer will be subject to disclosure and other procedural requirements, including with respect to withdrawal rights, the offer timetable, settlement procedures and timing of payments that are different from those applicable under U.S. domestic tender offer law and practice. Sky’s financial information, including any included in any Offer documentation and the information in the documents on this Microsite, will not have been prepared in accordance with U.S. GAAP, or derived therefrom, and may therefore differ from, and not be comparable with, financial information of U.S. companies.

Comcast and its affiliates or brokers (acting as agents for Comcast or its affiliates, as applicable) may from time to time, and other than pursuant to the Offer, directly or indirectly, purchase, or arrange to purchase outside the United States, shares in Sky or any securities that are convertible into, exchangeable for or exercisable for such shares before or during the period in which the Offer remains open for acceptance, to the extent permitted by, and in compliance with, exemptive relief granted by the U.S. Securities and Exchange Commission from Rule 14e-5 under the U.S. Exchange Act and in compliance with the City Code on Takeovers and Mergers (the “Code”). These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. Information about any such purchases or arrangements to purchase that is made public in accordance with English law and practice will be available to all investors (including in the United States) via the Regulatory News Service on

The Offer, if consummated, may have consequences under U.S. federal income tax and applicable U.S. state and local, as well as foreign and other, tax laws.

Neither the U.S. Securities and Exchange Commission nor any U.S. state securities commission has approved or disapproved the Offer, or passed comment upon the accuracy or otherwise of any of the information contained on this Microsite.

Overseas persons

The materials contained in this Microsite contain Information in respect of the Offer. Viewing this Information may be unlawful if you are resident or located in a Restricted Jurisdiction. In certain jurisdictions, including Restricted Jurisdictions, only certain categories of persons may be allowed to view such materials. All persons resident or located outside the United Kingdom who wish to view these materials must first satisfy themselves that they are not subject to any local requirements that prohibit or restrict them from doing so and should inform themselves of, and observe, any applicable legal or regulatory requirements applicable in their jurisdiction. It is your responsibility to satisfy yourself as to the full observance of any relevant laws and regulatory requirements. If you are not permitted, or if you are in any doubt as to whether you are permitted, to view the Information, please exit this website.

The Information is not being, and must not be, directly or indirectly, released, mailed, transmitted or otherwise forwarded, distributed or sent, in whole or in part, in or into a Restricted Jurisdiction and persons receiving such Information (including, without limitation, custodians, nominees and trustees) should observe these restrictions and must not, directly or indirectly, mail, transmit or otherwise forward, distribute or send any such Information in, into or from any such jurisdiction. Comcast and its advisers do not assume any responsibility for any violation by any person of any of these restrictions.

By clicking on “AGREE” below, you represent that you are not a national of, or resident in, a Restricted Jurisdiction and that Comcast is lawfully entitled to make the content of any Information available to you under applicable securities laws. If you are not permitted to view the Information in this Microsite, or viewing the Information would result in a breach of the above, or if you are unable to give this representation, please exit this website and do not view the content of any communication or document in relation to the Offer.

This Microsite has been prepared for the purposes of complying with English law and the Code. The Information disclosed may not be the same as that which would have been disclosed if this Information had been prepared in accordance with the laws and regulations of any jurisdiction outside of England and Wales.


If you are in any doubt about the contents of this Microsite or the action you should take, you should seek your own financial advice from an independent financial adviser authorised under the Financial Services and Markets Act 2000 or, if you are located outside the United Kingdom, from an appropriately authorised independent financial adviser.

This notice shall be governed by, and interpreted in accordance with, English law.

Acceptance of Disclaimer

If you are not resident or located in a Restricted Jurisdiction and are able to give the confirmations set out below, please click on "AGREE".

Confirmation of understanding and acceptance

In order to view the materials in this Microsite, by clicking on "AGREE" below, you are making the following confirmations:

(i) I have read and understood the notice set out above and agree to be bound by its terms;

(ii) I am a resident of or located in the United Kingdom or another jurisdiction into which the distribution of the Information does not constitute a violation of the relevant laws of such jurisdiction and I am not acting on behalf of someone who is resident or located in a Restricted Jurisdiction;

(iii) I will not copy, forward, transfer or distribute the Information to any person who is resident or located in a Restricted Jurisdiction; and

(iv) I intend to access this Microsite and the Information for information purposes only.


Alibaba and SAP Deepen Global Partnership to Accelerate Intelligent Enterprises in China (Press Release)

Alibaba and SAP Deepen Global Partnership to Accelerate Intelligent Enterprises in China

September 19, 2018 by SAP News

Hot Story
WALLDORF, Germany and HANGZHOU, China — Alibaba Group Holding Ltd. (NYSE:BABA) and SAP SE (NYSE: SAP) today announced plans to offer SAP S/4HANA Cloud and SAP Cloud Platform on Alibaba Cloud’s infrastructure as a service (IaaS) in China to help customers transition to the cloud and build intelligent enterprises.

Alibaba CEO Daniel Zhang and SAP CEO Bill McDermott outlined the expanded relationship today at the Computing Conference 2018 of Alibaba Group being held in Hangzhou, China.

Alibaba and SAP joined forces two years ago to deliver enterprise cloud solutions in China through Alibaba Cloud, the cloud computing arm of Alibaba Group, to help customers adapt to fast-changing market demands. Beginning today, the two companies will collaborate, co-innovate and jointly go to market to offer SAP S/4HANA Cloud, the digital cloud suite of choice to run a successful business in the cloud. Alibaba Cloud’s customers will also be able to deploy SAP Cloud Platform to extend their current business solutions, build new applications and integrate third-party technologies.

“China has been SAP’s second home for more than two decades,” said SAP Chief Executive Officer Bill McDermott. “Alibaba and SAP’s growing partnership expands our ability to empower digital China by building intelligent enterprises. SAP embraces the China Dream as we prepare for substantial expansion here in the years ahead.”

“We are pleased our partnership with SAP reached new heights today,” said Daniel Zhang, chief executive officer, Alibaba Group. “The availability of SAP’s globally renowned ERP system [SAP] S/4HANA Cloud on Alibaba Cloud is yet another milestone in our globalization strategy, and exemplary of our mission to make it easy to do business anywhere. We have formed a close collaboration with SAP in the past, and it is exciting for us to expand our partnership.”

“The entrepreneurs who believe and embrace the future, and who can leverage new thinking, new concepts and new technologies will be future winners,” said Jack Ma, executive chairman, Alibaba Group.

SAP S/4HANA Cloud brings intelligence to the enterprise with its AI-powered automation and predictive analytics, hands-free conversational UX and next-generation business processes. With SAP S/4HANA Cloud, companies can migrate core business processes at a lower cost, experience faster deployment and innovation cycles and see shortened time to value. A growing number of businesses in China are adopting SAP S/4HANA Cloud.

SAP Cloud Platform is an open platform as a service (PaaS) that provides a unique in-memory database and a set of technology and business services for building, extending and connecting enterprise applications. As an open and agile application and integration platform, SAP Cloud Platform enables customers to transform and rapidly develop new applications and cutting-edge technologies as well as personalize and customize existing ones.

Established in 2009, Alibaba Cloud is China’s largest provider of public cloud services and according to Gartner Inc., the company is also among the world’s top three IaaS providers. The partnership extends the global reach of SAP S/4HANA Cloud and SAP Cloud Platform to all top public clouds.

As part of the agreement, SAP will continue to employ Alibaba Cloud’s technology, and Alibaba will adopt SAP S/4HANA software to drive its own innovation and new business model.

Alibaba and SAP will explore further collaboration in areas around artificial intelligence, the Internet of Things, New Retail and New Manufacturing, all of which are new initiatives by Alibaba Group. The collaboration is expected to offer solutions that will drive further development in the area of digital transformation and maximize value to customers.

Visit the SAP News Center. Follow SAP on Twitter at @sapnews.

About Alibaba Group

Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts at least 102 years.

About SAP

As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 404,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit

Note to editors:
To preview and download broadcast-standard stock footage and press photos digitally, please visit On this platform, you can find high resolution material for your media channels. To view video stories on diverse topics, visit From this site, you can embed videos into your own Web pages, share video via email links, and subscribe to RSS feeds from SAP TV.

For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)

For more information, press only:
Christina Zhang, SAP, +86 1380-100-9944,
Rajiv Sekhri, SAP, +49 6227 7-74871,
Lesa Beber, SAP, +65 9646 5529,
SAP News Center press room;
Jowie Law, Alibaba Cloud, +86 136 2571 9035,
Luica Mak, Alibaba Cloud, +44 7905471332,

SAP, Alibaba team up on cloud services . (Reuters)

Philly EnterpriseTech News Daily Page 9/21: Meredith Perry steps aside; Adobe buys Marketo; SkyTV auction on Saturday; Rite Aid tragedy

Tom Paine

 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email

uBeam wireless power’s CEO Meredith Perry steps aside amidst B2B pivot
. (TechCrunch)
Perry developed the concept while a Penn undergrad and rounded up investors for it.

Adobe confirms it's buying Marketo for $4.75 billion (CNBC)
No sign of any competition for Marketo. SAP vets are top Marketo execs.

Comcast's battle for Sky TV to be decided by one-day auction (
On Saturday; not clear who has broadcast rights to the auction.

Interesting topic: Who in Philly area uses what kind of computer resources to aid in drug development?
Celgene Advances Pharma Research and Discovery with the Help of AI . (Wired)

Maryland shooting witnesses describe 'shocking' incident at Rite Aid distribution center (Fox News)
Rite Aid, which recently sold many of its stores, is based in Camp Hill, PA.

Philly Enterprise Tech Daily Page 9/20: "One City", FanDuel welshes, Amazon & WaWa,

Tom Paine

 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email

Philadelphia"s new "One City" financial information system, running on Oracle's E-Business Suite.  is expected to go live by year's end. "One City" will replace and integrate several functions that have always been separate since ancient times, including payroll, human resources, pensions, benefits and timekeeping.

However, given Philly's track record with new systems, and problems with municipal systems in general, One will be holding its breath until there are signs of success.

FanDuel temporarily messed up on the recalculation of odds for its New Jersey sports book, meaning that a gentleman who should have had a small payoff was suddenly an $82,000 winner. But FanDuel refused to pay out, instead offering $500 and three tickets to a Giants game, which may turn out to be worthless.

What usually happens to those who welsh on their bets in New Jersey?

Amazon is considering opening 3,000 Amazon Go Convenience Stores by 2021 , something that should give existing competitors pause. WaWa would likely continue to dominate it traditional home territory, but this could put other areas up for grab. Hey, a thought: Why doesn't Amazon speed up its expansion by acquiring WaWa?

EIR Healthcare, a company based in New York & Philly, has created a modular 'hospital room in a box' named " MedModular". It would allow for hospital expansion that would be less expensive and more rapid, the company says. The room model will be unveiled at an event in the Philadelphia area sometime in October.

Philly EnterpriseTech Daily Page 9/18

 Industry Spotlight: Pilot CEO Joe Fasone Takes On Business     Fiber   (Telecom Ramblings)

"But we've actually seen it the most prominently in Philadelphia, where we get a lot of demand coming from outside of downtown. It’s a bit of a reverse commuter situation where we're seeing office parks immediately outside of Philadelphia with greater demand for some of the connectivity than the traditional high-rise office buildings downtown. And we're pretty quick to cater to that demand because we have the ability optically to extend our reach to those places with ease."

Sounds as if Comcast (and perhaps Verizon) are leaving a lot on the table for this company to pick up.

Fasone's approach seems very well though out, but its aways vulnerable to the big guys more directly taking on his niche.

Meanwhile, Comcast is launching against an incumbent in Rochester  (no, not NY).

Oracle shares fall after revenue misses analyst estimates (CNBC)  
Hardly the end of the world for this huge, highly profitable giant which would probably continue producing large cash flows for 50 years while doing nothing. But these results may raise more questions about the pace of its cloud transition, at a time when its reporting is becoming less transparent. But in the meantime, Larry can rest easy. Though it may explain the "temporary" departure of Thomas Kurian.

 Comcast and Fox are on course to settle pursuit of Sky with a blind auction   (CNBC)

That's what it will come down to, unless some type of deal is reached this week. The UK has some arcane M&A rules. Not sure what purpose they serve.

DowDuPont names spin-off bosses for Corteva Ag, 'new' DuPont; will Breen sell DuPont pieces? / Inquirer


And Kavanaugh's two ex-girlfriends used as character referenced are both named Maura?
What are the chances?

Sorry; I couldn't get competing formats properly aligned.

Salesforce's Benioff & wife buys Time Magazine, gives interview

Tom Paine

 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email

Benioff / Wikipedia

Besides the thought that Benioff probably paid too much for Time (doesn't matter), the big question is do these things represent the beginning of Benioff's political career and the winding down of his current corporate career? My guess is yes.

Marc Benioff buys Time Magazine for $190 million (Axios)

Benioff on the big issues (SF Chronicle)

DisrupTV Featuring Gaurav Dhillon, Chairman & CEO at SnapLogic / Constellation Research

Philly EnterpriseTech Highlights 9/13/2018

Anaplan files for IPO a week after hiring its finance chief from Tesla (CNBC)
Some ex-SAP, SAP Ariba execs are with Anaplan, which filed for IPO today.

Adobe-Marketo Acquisition: What We Know So Far
Is SAP out of the picture? (CMSWire)

Hamilton Lane part of syndicate buying NEA spinoff portfolio . (PE Hub)
Philly investment fund playing major role in what amounts to a new VC funding model.

GE’s Digital Spinoff: What Does It Mean for the Internet of Things? . (SandHill)
After the company fell apart, what's really usable in GE's Predix code. Who should buy?