Synchrony Partners with the Independent Animal Hospital Association (IAHA) to offer CareCredit, Spotlighting Commitment to the Nation's Independent Veterinary Hospitals
Synchrony (NYSE: SYF) has announced a strategic partnership with the Independent Animal Hospital Association (IAHA) to become their preferred financing partner. Through this collaboration, Synchrony's CareCredit health and wellness credit card will be available at over 500 IAHA independent animal hospitals across 30+ states.
The partnership aims to provide flexible financing solutions for pet owners while supporting independent veterinary practices. CareCredit offers both short and long-term financing options, allowing pet owners to better budget for their animal's care. The service is currently accepted at more than 27,000 veterinary practices and all U.S. public university veterinary schools. Pet owners can easily prequalify without impacting their credit score and receive instant decisions on their applications.
Synchrony (NYSE: SYF) ha annunciato una partnership strategica con la Independent Animal Hospital Association (IAHA) per diventare il loro partner finanziario preferito. Grazie a questa collaborazione, la carta di credito sanitaria e benessere CareCredit di Synchrony sarà disponibile in oltre 500 ospedali veterinari indipendenti IAHA in più di 30 stati.
La partnership mira a offrire soluzioni di finanziamento flessibili per i proprietari di animali domestici, supportando al contempo le cliniche veterinarie indipendenti. CareCredit propone opzioni di finanziamento sia a breve che a lungo termine, permettendo ai proprietari di pianificare meglio le spese per la cura dei loro animali. Il servizio è attualmente accettato in più di 27.000 strutture veterinarie e in tutte le scuole veterinarie pubbliche universitarie degli Stati Uniti. I proprietari possono prequalificarsi facilmente senza influire sul proprio punteggio di credito e ricevere decisioni immediate sulle loro domande.
Synchrony (NYSE: SYF) ha anunciado una asociación estratégica con la Independent Animal Hospital Association (IAHA) para convertirse en su socio financiero preferido. A través de esta colaboración, la tarjeta de crédito de salud y bienestar CareCredit de Synchrony estará disponible en más de 500 hospitales veterinarios independientes IAHA en más de 30 estados.
La asociación tiene como objetivo ofrecer soluciones de financiamiento flexibles para los dueños de mascotas, apoyando al mismo tiempo a las clínicas veterinarias independientes. CareCredit ofrece opciones de financiamiento a corto y largo plazo, permitiendo a los dueños planificar mejor los gastos para el cuidado de sus animales. El servicio actualmente es aceptado en más de 27,000 prácticas veterinarias y en todas las escuelas veterinarias públicas universitarias de EE. UU. Los dueños pueden pre-calificarse fácilmente sin afectar su puntaje de crédito y recibir decisiones instantáneas sobre sus solicitudes.
Synchrony (NYSE: SYF)가 Independent Animal Hospital Association (IAHA)와 전략적 파트너십을 체결하여 선호하는 금융 파트너가 되었다고 발표했습니다. 이번 협력을 통해 Synchrony의 건강 및 웰니스 신용카드인 CareCredit가 30개 이상의 주에 걸쳐 500개 이상의 IAHA 독립 동물 병원에서 이용 가능해집니다.
이번 파트너십은 반려동물 소유주에게 유연한 금융 솔루션을 제공하고 독립 수의 진료소를 지원하는 것을 목표로 합니다. CareCredit는 단기 및 장기 금융 옵션을 제공하여 반려동물 소유주가 동물 치료 비용을 더 잘 계획할 수 있도록 돕습니다. 이 서비스는 현재 27,000개 이상의 수의 진료소와 모든 미국 공립 대학 수의학과에서 사용 가능합니다. 반려동물 소유주는 신용 점수에 영향을 주지 않고 쉽게 사전 자격을 확인할 수 있으며, 신청에 대해 즉시 결정을 받을 수 있습니다.
Synchrony (NYSE : SYF) a annoncé un partenariat stratégique avec la Independent Animal Hospital Association (IAHA) pour devenir leur partenaire financier privilégié. Grâce à cette collaboration, la carte de crédit santé et bien-être CareCredit de Synchrony sera disponible dans plus de 500 hôpitaux vétérinaires indépendants IAHA répartis dans plus de 30 États.
Ce partenariat vise à offrir des solutions de financement flexibles aux propriétaires d'animaux tout en soutenant les cliniques vétérinaires indépendantes. CareCredit propose des options de financement à court et long terme, permettant aux propriétaires de mieux planifier le budget pour les soins de leurs animaux. Ce service est actuellement accepté dans plus de 27 000 cabinets vétérinaires et dans toutes les écoles vétérinaires publiques universitaires des États-Unis. Les propriétaires peuvent facilement se préqualifier sans impact sur leur score de crédit et obtenir des décisions instantanées concernant leurs demandes.
Synchrony (NYSE: SYF) hat eine strategische Partnerschaft mit der Independent Animal Hospital Association (IAHA) angekündigt, um deren bevorzugter Finanzierungspartner zu werden. Durch diese Zusammenarbeit wird die Gesundheits- und Wellness-Kreditkarte CareCredit von Synchrony in über 500 unabhängigen Tierkliniken der IAHA in mehr als 30 Bundesstaaten verfügbar sein.
Die Partnerschaft zielt darauf ab, flexible Finanzierungslösungen für Tierhalter bereitzustellen und gleichzeitig unabhängige tierärztliche Praxen zu unterstützen. CareCredit bietet sowohl Kurz- als auch Langzeitfinanzierungsoptionen, die es Tierbesitzern ermöglichen, die Kosten für die Pflege ihres Tieres besser zu budgetieren. Der Service wird derzeit in mehr als 27.000 tierärztlichen Praxen und allen öffentlichen veterinärmedizinischen Hochschulen der USA akzeptiert. Tierbesitzer können sich einfach vorqualifizieren, ohne ihre Kreditwürdigkeit zu beeinträchtigen, und erhalten sofortige Entscheidungen zu ihren Anträgen.
- Partnership expands CareCredit's reach to 500+ additional independent animal hospitals
- Strengthens Synchrony's presence in veterinary sector, where independent practices comprise 65% of their veterinary partners
- Provides immediate access to financing for pet owners with instant credit decisions
- Offers flexible payment options including both short and long-term financing solutions
- None.
Insights
Synchrony expands veterinary presence through IAHA partnership, strengthening its CareCredit business in a growing pet healthcare market.
Synchrony's new partnership with the Independent Animal Hospital Association (IAHA) represents a strategic expansion of its CareCredit platform into over 500 independent veterinary practices across 30+ states. This move aligns with Synchrony's focus on penetrating the fragmented veterinary market, where independent practices remain a significant segment despite industry consolidation trends.
The deal adds meaningful distribution points to CareCredit's already substantial network of 27,000+ veterinary practices. What makes this particularly valuable is that independent practices comprise nearly 65% of Synchrony's veterinary partners, highlighting the company's deliberate strategy to target this sector.
This partnership addresses key challenges in the veterinary industry: rising care costs for pet owners and cash flow management for practices. By offering flexible financing options through the CareCredit platform, Synchrony enables veterinary practices to potentially increase care acceptance rates and average transaction values while reducing accounts receivable risk.
For Synchrony's business model, the veterinary segment represents an attractive vertical within its diversified portfolio. Pet healthcare financing typically features favorable customer profiles, relatively high-margin lending opportunities, and strong customer retention potential, as pet care needs are recurring and often lifelong. The partnership should incrementally contribute to Synchrony's specialty lending portfolio while furthering its ecosystem strategy of embedding payment solutions at point-of-need service providers.
As Preferred Financing Partner, CareCredit to Drive Growth Among Independent Veterinary Practices and Expand Access to Credit for Pet Owners
This Small Business Month, Synchrony shines a light on its ongoing commitment to empower independent veterinary practices, understanding the vital role these independent practices play in the veterinary profession. Acceptance of CareCredit offers these practices a flexible financing solution, dedicated support, and valuable resources designed to help address their business needs, foster client loyalty, and ensure long-term growth while expanding access to care for pet owners.
IAHA can now offer its members access to financing through CareCredit, including shorter- and longer-term options, allowing their clients to better budget for their pet's care. By offering CareCredit, IAHA veterinarians can focus on delivering the highest level of care knowing they are providing clients with greater financial flexibility.
"By understanding the unique challenges and opportunities faced by independent animal hospitals and veterinary practices, we're able to provide payment solutions that empower them to meet their clients' needs," said Jonathan Wainberg, Senior Vice President and General Manager, Pet, Synchrony. "Our dedication is evident in our prioritization of partnerships with these vital small businesses, and we're proud to note that they comprise nearly
"The rising costs of veterinary medicine can often place a significant financial burden on pet owners, making it difficult to afford essential care," said Brent Dunbar, President of Independent Animal Hospital Association. "Teaming up with CareCredit to bring pet owners flexible financing options makes it easier for our members to help our clients get their pets the care they deserve."
Pet owners can see if they prequalify for the CareCredit credit card in real time, with no impact to their credit score, and apply on any smart device or apply over the phone. A credit decision is typically provided within a few seconds, and if approved, they can use their account to pay for their pet's care right away. This flexibility helps pet owners to provide the necessary care for their pets, from routine check-ups to emergency treatments.
For more than 35 years, CareCredit has been a valuable financing option for all types of veterinary services, treatments, and diagnostics at locations in the network, giving pet owners peace of mind that they are ready to care for their pets throughout their lifetime. CareCredit is accepted at more than 27,000 veterinary practices and all public university veterinary schools in the
About Synchrony
Synchrony (NYSE: SYF) is a leading consumer financing company at the heart of American commerce and opportunity. From health to home, auto to retail, our Synchrony products have been serving the needs of people and businesses for nearly 100 years. We provide responsible access to credit and banking products to support healthier financial lives for tens of millions of people, enabling them to access the things that matter to them. Additionally, through our innovative products and experiences, we support the growth and operations of some of the country's most respected brands, as well as more than 400,000 small and midsize businesses and health and wellness providers that Americans rely on. Synchrony is proud to be ranked as the country's #2 Best Company to Work For® by Fortune magazine and Great Place to Work®. For more information, visit www.synchrony.com.
About Independent Animal Hospital Association
Independent Animal Hospital Association (IAHA) is dedicated to helping independent animal hospitals regain their competitive advantage in a market dominated by corporate medicine. We consist of over 500 independent animal hospitals in over 30 states. For far too long, corporate medicine has enjoyed advantages not available to private practices. Members receive access to exclusive discounts, rebates, programs, and offers all resulting in measurable financial benefits.
Contacts:
Lauren Devilbiss
Synchrony
Lauren.Devilbiss@syf.com
Brent Dunbar
Independent Animal Hospital Association
independentaha@gmail.com
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SOURCE Synchrony
FAQ
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