CareCredit to acquire Citi Health Card portfolio

CareCredit, a healthcare financing and credit provider, signed an agreement with Citibank to purchase the Citi Health Card portfolio.

The acquisition includes more than 14,500 providers and 110,000 current Citi Health Care consumer accounts.

The 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. "Wider acceptance allows the program to be an even more comprehensive solution for typical health, wellness and personal care expenses."

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