Mergers & Acquisitions
By The Online Investor Staff, updated Mon., Mar. 18, 10:59 PM
Slide #77. Independence Pet Holdings, Inc. — Pets Best Insurance Services, LLC
Acquirer: |
Independence Pet Holdings, Inc. |
Acquiree: |
Pets Best Insurance Services, LLC |
Details: |
Independence Pet Holdings, Inc. ("IPH"), a leading multi-brand, multi-channel pet insurance provider, and Synchrony (NYSE:SYF), a premiere consumer financial services company, today announced that IPH has completed the acquisition of Pets Best Insurance Services, LLC ("Pets Best") from Synchrony. Synchrony received a portion of the consideration as an equity investment in IPH and committed to enter into a commercial agreement with IPH, both of which will help expand IPH's activities in the pet industry and enable both Synchrony and IPH to further capitalize on synergies between Synchrony's CareCredit health and wellness credit card and IPH's products in the pet insurance industry. IPH will also appoint two Synchrony executives to its Board of Directors. |
Both companies are privately held or listed on a foreign exchange.
Open the KGKG Page at The Online Investor (in a new window) »
|
March 18, 2024 10:59 PM Eastern
|