Synchrony Teams Up With Audibel to Expand Financing for Hearing Care

Core Insights - Synchrony Financial (SYF) has formed a strategic partnership with Audibel to enhance access to affordable financing options for hearing care across the United States [1][4] - The partnership aims to address the rising demand for hearing health support, as many individuals are deterred from seeking treatment due to cost [2][9] - SYF's CareCredit will be the primary financing option at over 1,000 Audibel locations, with installment plans available from 12 to 60 months [3][9] Company Developments - SYF is expanding its presence in healthcare financing, retail, and digital spaces, solidifying its role in point-of-sale financing and integrated payment solutions [5] - The company has seen a significant stock price increase of 46.6% over the past year, outperforming the industry average of 17.5% [6] Industry Context - The collaboration between SYF and Audibel could serve as a model for addressing affordability and access challenges in other specialty healthcare sectors [4]