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BofA Acquires Health-Care Tech Startup Axia in Payments Push

Bank of America Corp. acquired the health-care technology company Axia Technologies Inc. as the financial giant continues to build out its products for helping merchants take payments.

The deal for the startup, which does business as AxiaMed, comes on the heels of the bank’s decision to dissolve its merchant-services joint venture in favor of building a proprietary platform, Bank of America said Friday in a statement. Terms weren’t disclosed.