Now, JPMorgan is launching Morgan Health to improve the quality of medical care for the bank's 165,000 U.S. employees and their families, the firm said Thursday in a statement.
The business is led by Dan Mendelson, a healthcare consultant who served in the Clinton administration, and will be based in Washington D.C.
The new unit will also have $250 million to make venture investments in companies with "promising healthcare solutions," the firm said.
In its three-year run, Haven, the joint venture that folded in January, had little to show in terms of concrete results.
It will also focus on preventative care in maternal health, cardiovascular disease and diabetes, he said.
JPMorgan Chase, Berkshire Hathaway, Dan Mendelson, Clinton, Jamie Dimon, Mendelson
JPMorgan, Amazon, Morgan Health, Washington D.C, Centers, Medicare, Services
Berkshire, Washington, American, Haven