Partnership To Offer Special Financing
Options, Modern Digital Payment Features and Financial Education
Resources
STAMFORD, Conn., Oct. 10,
2023 /PRNewswire/ -- Synchrony (NYSE: SYF), a leading
consumer finance company, has announced that its
CareCredit health and wellness credit card will now be a
financing option for members of Veterinary Growth Partners (VGP), a
veterinary management services organization that connects
veterinary practices with resources that maximize efficiency and
optimize profitability. VGP's 7,300 plus members will have access
to CareCredit's suite of financing options, innovative digital
features and marketing solutions to help grow their veterinary
practices.
"The partnership with VGP is evidence of our shared commitment
to empowering veterinary practices to achieve their maximum
potential, while ensuring that every pet owner can provide a
lifetime of care for their pet," said Jonathan Wainberg, Senior Vice President and
General Manager, Pet, Synchrony. "Through this collaboration, we're
broadening access to simple, flexible financing solutions, and
ensuring providing seamless and efficient service for both
veterinary practices and pet owners."
VGP and Synchrony will offer member-only events and continuing
education opportunities to give all VGP veterinary practice members
direct access to Synchrony's and VGP's veterinary experts, as well
as opportunities such as marketing collaborations, co-branding
initiatives and strategies to enhance practice productivity.
"There is a lot of joy seeing pet owners and their healthy pets.
We've chosen to team with Synchrony because of their ability to
offer consumers flexible financing solutions that give our members
the tools they need," says Robert Sigman, President, VGP. "We
believe that CareCredit's deep expertise in the consumer financing
space for veterinarians is unmatched."
For more than 30 years, CareCredit has partnered with veterinary
practices to 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, giving
pet owners peace of mind and the confidence that they are ready to
care for their beloved pets throughout their lifetime.
Pet owners looking for a flexible way to pay for their animal's
care can quickly confirm if they prequalify for the CareCredit
credit card in real time, with no impact to their credit score, and
apply on any smart device, in a veterinary practice or over the
phone. A credit decision is immediate and if approved, they can use
their account to pay the veterinarian immediately. CareCredit
offers shorter-term and longer-term financing options, including
deferred interest, based on purchase amount and a user-friendly
online calculator that makes it easy for pet owners to quickly
estimate monthly payments.
CareCredit is offered in more than 25,000 veterinary practices
across the U.S. 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 Veterinary Growth Partners
Veterinary
Growth Partners (VGP) is a management services organization
specializing in empowering members to reach their practices' full
potential. VGP offers an extensive range of services, including
business consulting, training, education, negotiated vendor
contracts, technology solutions, networking opportunities, and
performance metrics and benchmarking.
Contact:
Lauren Devilbiss
Synchrony
Lauren.Devilbiss@syf.com
240-814-5825
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SOURCE Synchrony