Synchrony Acquires Allegro Credit

January 26, 2021

Synchrony (CareCredit) has agreed to acquire Allegro Credit, a Burlingame-based provider of point-of-sale consumer financing for audiology, dental services and musical instruments. The deal will fold Allegro's ~3,200-merchant network into Synchrony's CareCredit health and wellness financing platform to expand capabilities and merchant reach; financial terms were not disclosed.

Buyers
Synchrony
Targets
Allegro Credit
Location
California, United States
Transaction Type
Buyout

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