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New Deal


Announced

Completed

Bank of America completed the acquisition of Axia Technologies.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

payment processing

Friendly

Payments / Commerce

Domestic

Private

healthcare payments

Majority

Completed

Single Bidder

United States

Synopsis

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Bank of America completed the acquisition of Axia Technologies, a health care payment and technology company. Financial terms were not disclosed. The acquisition will deepen and expand Bank of America’s payment offerings for healthcare clients and will further accelerate the bank’s ability to serve this key vertical. It is part of a broader initiative to integrate merchant services onto its proprietary platform following the dissolution of its merchant services joint venture last year. “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," Mark Monaco, BoA Head of Enterprise Payments.

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