CareCredit to Acquire Citi Health Card Portfolio
February 21 2017 - 9:00AM
Business Wire
Agreement expands CareCredit national
acceptance network
CareCredit, a leading provider of promotional financing for
healthcare, has signed an agreement with Citibank, N.A. to acquire
the Citi Health Card portfolio, further expanding its healthcare
acceptance network in the United States.
The portfolio acquisition includes more than 14,500 providers,
further expanding CareCredit’s national network of more than
200,000 healthcare providers and health-focused retail locations.
The portfolio includes more than 110,000 current Citi Health Card
consumer accounts. Terms of the agreement were not disclosed.
“We’re pleased to enhance the versatility and value for our
existing and new providers and cardholders by increasing acceptance
of the CareCredit card nationwide,” said Dave Fasoli, CEO of
CareCredit and executive vice president of Synchrony Financial.
“Wider acceptance allows the program to be an even more
comprehensive solution for typical health, wellness and personal
care expenses.”
The acquisition welcomes a host of providers to CareCredit’s
current extensive network. CareCredit, which has helped patients
pay for their healthcare needs for 30 years, continuously receives
impressive satisfaction ratings from both providers and
cardholders.*
Citi Health Card credit accountholders will receive detailed
information about the CareCredit program and can access the
Acceptance Locator at CareCredit.com online or via a mobile device
to find healthcare provider and health-focused retail locations
where the card can be used. CareCredit will work with participating
providers to offer program orientation and training materials. New
CareCredit account numbers will be issued to Citi Health Card
accountholders in mid-February, followed by new CareCredit credit
cards to replace their existing card.
About CareCredit®
For 30 years CareCredit, from
Synchrony Financial (NYSE: SYF), has helped millions of people pay
for needed and desired care and health expenses. CareCredit is a
health, wellness and personal care credit card accepted through a
national network of more than 200,000 healthcare providers and
health-focused retailers. For more information on CareCredit, call
800-300-3046 or visit www.carecredit.com. For more information
about Synchrony Financial visit www.synchronyfinancial.com.
*CareCredit Cardholder Engagement Study and CareCredit Provider
Satisfaction Report, December 2016
FOR MORE INFORMATIONwww.carecredit.com or
Facebook.com/CareCredit or Twitter.com/CareCredit
©2017 CareCredit. All rights reserved
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version on businesswire.com: http://www.businesswire.com/news/home/20170221005140/en/
CareCreditMason Burnham, 855-791-8007VP, Strategic
Communicationsmedia.relations@carecredit.com
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