New Partnership Will Support Independent Vet
Practices with Flexible Financing Options and Administrative
Resources
STAMFORD, Conn., July 18,
2024 /PRNewswire/ -- Synchrony (NYSE: SYF), a premier
consumer finance company, has announced that its CareCredit health
and wellness credit card will now be the preferred financing option
for members of The Veterinary Cooperative (TVC), a positive
cooperative community of veterinarians and suppliers who share a
vision to provide the best animal care through independent
veterinary practices. TVC is owned and guided by its independently
owned veterinary members and is managed by professional cooperative
personnel.
![New partnership between Synchrony and The Veterinary Cooperative will support independent vet practices with flexible financing options and administrative resources. New partnership between Synchrony and The Veterinary Cooperative will support independent vet practices with flexible financing options and administrative resources.](https://mma.prnewswire.com/media/2463976/TVC.jpg)
"As the largest veterinary purchasing co-op in the country, TVC
shares our commitment to supporting independent vet practices to
help them provide the best care possible," said Boo Larsen, SVP & General Manager,
Veterinary and Pet Care, Synchrony. "This partnership will allow
TVC's members to offer flexible financing options to clients
through CareCredit, giving pet parents peace of mind and letting
veterinary practitioners focus on high-quality service."
With more than 3,700 member locations nationwide, TVC-partnered
hospitals will have access to administrative, marketing and
education support from CareCredit to help improve their practices
and care offerings.
"Today marks a significant milestone at TVC as CareCredit joins
our ranks in support of independent veterinary practices," said
Kim London, Director of Strategic
Accounts, TVC. "This partnership exemplifies our shared commitment
to ensuring TVC veterinarians can provide comprehensive care to as
many patients as possible while financial barriers to veterinary
care persist for many pet parents."
For more than 35 years, CareCredit has partnered with veterinary
practices to help streamline financial workflows and payment
processes, reducing accounts receivable and improving cash flow.
For pet owners, CareCredit has been a valuable financing option for
all types of veterinary services, treatments and diagnostics,
helping to give pet owners peace of mind and the confidence that
they are ready to care for their beloved pets throughout their
lifetime. CareCredit is offered in more than 25,000 veterinary
practice locations across the U.S.
Pet parents looking for a flexible way to pay for their animal's
care can quickly see if they prequalify for the CareCredit credit
card in real time on any smart device with no impact to their
credit score. A decision is immediate, and upon approval they can
use their account to pay the veterinarian right away. CareCredit
offers promotional financing options and provides a user-friendly
online calculator that makes it easy for pet owners to quickly
estimate monthly payments. For more information, please visit
www.carecredit.com.
About Synchrony
Synchrony (NYSE: SYF) is a premier consumer financial services
company delivering one of the industry's most complete digitally
enabled product suites. Our experience, expertise and scale
encompass a broad spectrum of industries including digital, health
and wellness, retail, telecommunications, home, auto, outdoor, pet
and more. We have an established and diverse group of national and
regional retailers, local merchants, manufacturers, buying groups,
industry associations and healthcare service providers, which we
refer to as our "partners." We connect our partners and consumers
through our dynamic financial ecosystem and provide them with a
diverse set of financing solutions and innovative digital
capabilities to address their specific needs and deliver seamless,
omnichannel experiences. We offer the right financing products to
customers in their channel of choice. For more information, visit
www.synchrony.com.
About The Veterinary Cooperative
The Veterinary
Cooperative fosters relationships with privately owned veterinary
hospitals and business partners to elevate the future of
independent veterinary practice ownership. TVC is owned by nearly
4,000 independent veterinary hospitals nationwide that leverage the
cooperative to negotiate more favorable supplier pricing, create
educational content, shared resources and strengthen the collective
voice of the independent veterinary community.
Contact:
Lauren Devilbiss
Synchrony
Lauren.Devilbiss@syf.com
240-814-5825
View original content to download
multimedia:https://www.prnewswire.com/news-releases/synchronys-carecredit-selected-as-preferred-financing-solution-for-the-veterinary-cooperative-302199919.html
SOURCE Synchrony