Fifth Third, a $27b market cap regional bank, acquired Provide, a fintech provider of lending and other financial services to healthcare practices. Fifth Third was an early investor in Provide from 2018 and with products including loan products, core banking, and payments.
“The healthcare industry is one of the largest and fastest growing segments of the U.S. economy. Over the last decade, Fifth Third’s healthcare team has expanded its presence and expertise to become one of the top healthcare banking platforms for middle-market and corporate clients...together, we can deliver a client experience that enables healthcare providers to focus on what they do best—providing the care their patients need while we make their banking experience convenient and efficient," said Greg Carmichael, chairman and chief executive officer for Fifth Third Bancorp.