Independence Pet Holdings has accomplished the acquisition of Pets Best from
Synchrony Financial, See full firm profile
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and now the businesses are asserting a industrial settlement to capitalize on synergies between Synchrony’s CareCredit well being and wellness bank card and IPH’s merchandise within the pet insurance coverage trade.
Through the collaboration, IPH and Synchrony will discover a various vary of alternatives, joint product improvement, key expertise partnerships, and perception sharing for improved buyer expertise and optionality throughout the pet insurance coverage and pet-care financing industries.
As a part of the Pets Best deal, Synchrony obtained a portion of the consideration as an fairness funding in IPH.
“We are excited to partner with IPH to drive long-term growth and expand our opportunities in the pet space, including the ability to offer CareCredit to millions of additional pet owners. Together, our companies bring extensive capabilities and expertise to deliver on our growth strategy, drive industry innovation, and serve the growing needs of our pet families.” – Beto Casellas, EVP and CEO, Health & Wellness, Synchrony.
“Pet parents deserve access to the greatest range of pet insurance products, tailored to the personal needs of their pets. The unique combination of IPH’s broad portfolio of brands with Synchrony’s industry-leading digital capabilities will allow us to enhance our offerings for pet parents. We are thrilled to welcome the Pets Best team to the IPH family and look forward to working closely together to diversify its offering and accelerate the brand’s growth.” – Dirk Beeckman, Chairman of IPH.
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