Bank of America has acquired Axia Technologies Inc., a health care payment and technology company focused on facilitating secure patient payments. Bank of America seeks to use the acquisition to deepen and expand its payment offerings for healthcare clients and further accelerate its ability to serve this vertical.
“We are adding a talented team that brings great domain expertise and technology, and we’re excited to have them join Bank of America,” said Mark Monaco, head of enterprise payments at Bank of America. “We have a shared vision of providing clients with the best technology to meet their payment needs. Working together, we can leverage our joint expertise and capabilities to deliver a comprehensive range of payment and settlement solutions to our healthcare clients and their patients.”
“AxiaMed is excited to join Bank of America,” said Randal Clark, president, CEO and Founder of AxiaMed. “AxiaMed strives to ensure that our industry-leading payments platform can be leveraged by our partners and their clients, many of whom currently use numerous products and services of Bank of America, to provide a seamless and secure end-to-end patient payment experience.”