Synchrony to acquire Allegro Credit.

Synchrony, a consumer financial services company, agreed to acquire Allegro Credit, a provider of point-of-sale consumer financing for audiology products, dental services and musical instruments. Financial terms were not disclosed. "It was essential to join a company that shares our cultural values, growth objectives, innovation mindset and commitment to our merchants and customers. We see an amazing opportunity to amplify our differentiated innovative offerings through Synchrony and CareCredit's network, reach and scale. This deal will help us accelerate the ability to improve people's lives through the healthcare treatments they need or capture our customer's passions with music products," David Parsons, Allegro Credit President and CEO.