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Jacob: Paying for healthcare right now is a huge topic, but how do you pay for it? We have a WEX health president, Robert Deshaies. Robert, lLet me ask you, how are you going to leverage your existing technologies to be good in healthcare payments?

Robert: So Jacob, we have invested a lot of time and energy into looking at what the consumer, employers need out in the marketplace from a solution standpoint, and we've developed this specific technology that really allows us to address payments in the health benefits space, which really helps consumers manage their healthcare costs.

Jacob: Yeah, I mean you got JP Morgan that just bought InstaMed. How would you use that if you don't compete with J P Morgan directly? How would you use that acquisition, that development to your advantage at WEX health?

Robert: So what we would say is it's very complimentary to the way we look at solutions overall for the marketplace. And we would look at exploring partnerships with the J P Morgan InstaMed combination there. And then we would look at how we could go to market together and really serve the needs of the consumer.

Jacob: And now when you look at M and A more broadly in this space, which types of players are more likely to be assets to be bought and which type of players are more likely to be out there to be buyers?

Robert: Yeah, I can't comment specifically on specific organizations, but I would say what we continually do is look at developments in the market, how it's progressing, what the needs are. As you think about the things that are happening in the government side, from a regulatory, all the way down to what's happening in medicine and the costs rising, pharma, et cetera, that we really look to where we can best help those consumers manage their healthcare costs and look at investing in technologies that really helps support that for the longterm.

Jacob: So what kind of assets, I mean you're mentioning investing in more technology. What kind of tech assets are you looking at, whether it's tech or healthcare payments specifically to help grow WEX health and grow the payments there?

Robert: Yeah, it would be things like artificial intelligence. So that would really help with the engagement from a consumer so they could help make the best choices as they work forward in planning, in saving and their spend, and to make sure that they're spending competitive rates. It could be insecurity, you know, security, privacy and fraud are really big on the minds of consumers today, especially when you see what's happens out in the marketplace with credit cards, et cetera. So we invest a lot in that area as well, so people can feel secure in their way that they use and spend there and save their money.

Jacob: When might this happen? When might you look to make a new acquisition?

Robert: We're continually evaluating. We don't have any on the horizon. We're just continually evaluating.

Jacob: All right, thanks Robert.

The healthcare payments business may sound incredibly niche, but it's not. And one such executive outlined what assets his company may look to acquire as the space grows. 

President of Wex Health, a division of the $8.9 billion (by market cap) Wex Inc. (WEX - Get Report) , Robert Deshaies, told TheStreet his company may soon look to acquire various types of tech companies that could compliment its relatively new product: digital payment solutions for healthcare consumers. 

Wex is primarily a payment solutions company for government fleets, but has recently expanded into the healthcare payments space. This space may sound like a small development immaterial to the way people do things, but actually Americans are expected to spend more than $5 trillion on healthcare by 2024, and they've indicated in recent studies they're intent on making those payments digitally and with less friction. This makes healthcare payments a trend to keep an eye on. 

Mergers and acquisitions have been somewhat of a theme in the business. In May, JPMorgan acquired InstaMed for $500 million. InstaMed processed more than $94 billion worth of payments in 2018, and JPMorgan has been looking to exposed to the trend of late. Wex Health bought Evolution1 for $530 million in 2014, as Wex was looking to leverage its technology to move into health payments solutions. Evolution1 is now Wex Health. In late 2018, Wex bought Noventis. 

For more deals in the future, "It would be things like artificial intelligence, so that would really help with engagement from a consumer, so they could help make the best choices as they work forward in planning, in savings, and to make sure they're spending competitive rates," said Deshaies. "It could be in security. Security, privacy and fraud are really big on the minds of consumers today." He said Wex is "continually evaluating" new opportunities.  

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