Synchrony's CareCredit Offered at 100% of Public Veterinary University Hospitals Nationwide, Expanding Access to Pet Care
Synchrony (NYSE: SYF) announced that its CareCredit health and wellness credit card has achieved full coverage across all 29 public veterinary university hospitals in the United States with the addition of Texas A&M University Veterinary Medical Teaching Hospital. CareCredit now serves as the preferred financing partner at Texas A&M, which operates one of the largest veterinary referral networks in the country.
The partnership enables pet owners to access various financing options, including short and long-term plans, with instant prequalification available. CareCredit is currently accepted at over 26,000 veterinary practices nationwide and has been providing financing solutions for veterinary services for more than 35 years. The credit card is recommended by the American Animal Hospital Association and is a Preferred Partner for the American Veterinary Medical Association.
Synchrony (NYSE: SYF) ha annunciato che la sua carta di credito per salute e benessere CareCredit ha raggiunto la copertura completa in tutti e 29 gli ospedali universitari veterinari pubblici degli Stati Uniti, grazie all'inserimento del Texas A&M University Veterinary Medical Teaching Hospital. CareCredit è ora il partner finanziario preferito presso Texas A&M, che gestisce una delle più grandi reti di riferimento veterinario del paese.
La collaborazione permette ai proprietari di animali di accedere a diverse opzioni di finanziamento, inclusi piani a breve e lungo termine, con la prequalifica istantanea disponibile. CareCredit è attualmente accettato in oltre 26.000 strutture veterinarie a livello nazionale e offre soluzioni di finanziamento per servizi veterinari da più di 35 anni. La carta di credito è raccomandata dall'American Animal Hospital Association ed è partner preferito dell'American Veterinary Medical Association.
Synchrony (NYSE: SYF) anunció que su tarjeta de crédito para salud y bienestar CareCredit ha logrado cobertura total en los 29 hospitales universitarios veterinarios públicos de Estados Unidos con la incorporación del Texas A&M University Veterinary Medical Teaching Hospital. CareCredit es ahora el socio financiero preferido en Texas A&M, que opera una de las redes de referencia veterinaria más grandes del país.
La alianza permite a los dueños de mascotas acceder a diversas opciones de financiamiento, incluyendo planes a corto y largo plazo, con preaprobación instantánea disponible. CareCredit es aceptado actualmente en más de 26,000 clínicas veterinarias a nivel nacional y ha brindado soluciones de financiamiento para servicios veterinarios durante más de 35 años. La tarjeta de crédito está recomendada por la American Animal Hospital Association y es socio preferido de la American Veterinary Medical Association.
Synchrony (NYSE: SYF)는 텍사스 A&M 대학교 수의학 교육 병원의 추가로 미국 내 29개 공립 수의과 대학 병원 전체에서 건강 및 웰니스 신용카드 CareCredit의 전면 도입을 발표했습니다. CareCredit는 현재 텍사스 A&M에서 선호하는 금융 파트너로, 이곳은 미국에서 가장 큰 수의학 추천 네트워크 중 하나를 운영하고 있습니다.
이번 파트너십을 통해 반려동물 소유자는 단기 및 장기 플랜을 포함한 다양한 금융 옵션에 접근할 수 있으며, 즉시 사전 승인도 가능합니다. CareCredit는 현재 전국 26,000개 이상의 수의 진료소에서 사용 가능하며, 35년 이상 수의 서비스 금융 솔루션을 제공해 왔습니다. 이 신용카드는 American Animal Hospital Association의 추천을 받았으며 American Veterinary Medical Association의 우선 파트너입니다.
Synchrony (NYSE : SYF) a annoncé que sa carte de crédit santé et bien-être CareCredit couvre désormais l'ensemble des 29 hôpitaux universitaires vétérinaires publics aux États-Unis, avec l'ajout du Texas A&M University Veterinary Medical Teaching Hospital. CareCredit est désormais le partenaire financier privilégié de Texas A&M, qui gère l'un des plus grands réseaux de référence vétérinaire du pays.
Ce partenariat permet aux propriétaires d'animaux d'accéder à diverses options de financement, y compris des plans à court et long terme, avec une préqualification instantanée disponible. CareCredit est actuellement accepté dans plus de 26 000 cliniques vétérinaires à l'échelle nationale et propose des solutions de financement pour les services vétérinaires depuis plus de 35 ans. La carte de crédit est recommandée par l'American Animal Hospital Association et est un partenaire privilégié de l'American Veterinary Medical Association.
Synchrony (NYSE: SYF) gab bekannt, dass seine Gesundheits- und Wellness-Kreditkarte CareCredit nun alle 29 öffentlichen veterinärmedizinischen Universitätskliniken in den USA abdeckt, mit der Aufnahme des Texas A&M University Veterinary Medical Teaching Hospital. CareCredit ist nun der bevorzugte Finanzierungspartner an der Texas A&M, die eines der größten veterinärmedizinischen Überweisungsnetzwerke des Landes betreibt.
Die Partnerschaft ermöglicht Tierbesitzern den Zugang zu verschiedenen Finanzierungsmöglichkeiten, darunter Kurz- und Langzeitpläne, mit sofortiger Vorqualifikation. CareCredit wird derzeit in über 26.000 Tierarztpraxen landesweit akzeptiert und bietet seit mehr als 35 Jahren Finanzierungslösungen für veterinärmedizinische Leistungen an. Die Kreditkarte wird von der American Animal Hospital Association empfohlen und ist ein bevorzugter Partner der American Veterinary Medical Association.
- Achieved 100% coverage in public veterinary university hospitals, expanding market presence
- Partnership with one of the largest veterinary referral networks in the country
- Strong industry endorsements from American Animal Hospital Association and American Veterinary Medical Association
- Extensive network of 26,000+ accepting veterinary practices
- None.
Insights
Synchrony's CareCredit reaches 100% penetration in veterinary teaching hospitals - strategically positive but financially incremental given SYF's scale.
Synchrony has achieved a strategic milestone with CareCredit now accepted at all 29 public veterinary university hospitals nationwide after adding Texas A&M. This represents perfect market penetration in a high-influence segment that shapes future veterinarians' financing preferences.
The Texas A&M partnership is particularly valuable as it hosts one of the country's largest veterinary referral networks, potentially driving transaction volume beyond the immediate university setting. This collaboration extends CareCredit's reach to a broader patient population in an important regional market.
For context, CareCredit already operates in over 26,000 veterinary practices across the U.S., making this achievement more significant for its strategic positioning than immediate financial impact. The endorsement from major veterinary institutions reinforces CareCredit's credibility as the leading financing solution in veterinary medicine, complementing existing endorsements from the American Animal Hospital Association and American Veterinary Medical Association.
The expansion reflects Synchrony's strategic focus on the growing pet healthcare financing market, where rising veterinary costs create demand for payment flexibility. CareCredit's various financing options, including promotional terms, address a critical market need - helping pet owners manage care costs while enabling veterinarians to recommend optimal treatments without financial constraints being the primary decision factor.
While this milestone strengthens Synchrony's competitive moat in veterinary financing, the incremental financial impact is likely modest relative to Synchrony's
With Addition of Texas A&M, All 29 Public Veterinary University Hospitals in the
"The availability of CareCredit across veterinary universities nationwide has had a significant impact on improving access to care and providing financial flexibility for pet parents," said Jonathan Wainberg, Senior Vice President and General Manager, Pet, Synchrony. "With Texas A&M Veterinary Medical Teaching Hospital now on board, CareCredit is available at
The new collaboration with Texas A&M Veterinary Medical Teaching Hospital is particularly impactful due to its position as home to one of the largest veterinary referral networks in the country, servicing a wide range of animal populations. This allows CareCredit to extend its availability to a new community because the ability to manage the cost of veterinary care is paramount.
"For years, we've recognized that pet owners value flexible financial options to help ensure their companions receive the care veterinarians recommend. Through this collaboration, we are proud to offer a solution that supports both optimal patient outcomes and financial peace of mind," said Dr. Stacy Eckman, Associate Dean for Hospital Operations & Chief Executive Officer at Texas A&M's Veterinary Medical Teaching Hospital. "This relationship will reinforce our commitment to delivering high-quality veterinary care while addressing financial barriers."
CareCredit's acceptance at Texas A&M provides pet parents with access to a variety of financing options, including shorter- and longer-term financing options, allowing them to choose the best fit for their budget. Pet parents 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 at the provider location 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 parents 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. In addition to acceptance at the nation's veterinary university hospitals, CareCredit is recommended by the American Animal Hospital Association and is a Preferred Partner for the American Veterinary Medical Association. CareCredit is currently offered in more than 26,000 veterinary practices across the
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 Texas A&M University Veterinary Medical Teaching Hospital
As
Contacts:
Lauren Devilbiss
Synchrony
Lauren.Devilbiss@syf.com
Jennifer Gauntt
Texas A&M VMBS
jgauntt@tamu.edu
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SOURCE Synchrony
FAQ
What is the significance of Synchrony's CareCredit expansion to Texas A&M for SYF investors?
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