← Embedded Finance Index 2026

Covetrus AVImark

“Can a vertically integrated veterinary distribution + software company become the operating (and financial) system for every independent vet practice?”

Founded2019
HQPortland, Maine, United States
Latest roundAcquired by CD&R and TPG (2022) at ~$4B enterprise value
Valuation~$4B enterprise value (2022 take-private)
IndustryVertical SaaS / Veterinary

The story

Covetrus was formed in 2019 by combining Henry Schein Animal Health (distribution) with Vets First Choice (online pharmacy/tech), creating a vertically integrated animal-health platform. After a rough public-market run, CD&R and TPG took it private in 2022 at ~$4B. Since going private, Covetrus has doubled down on its 'practice improvement' software layer — PIMS products like Avimark, Impromed and Pulse — bolting on embedded payments (Stripe, Worldpay), embedded lending (CareCredit) and vRxPro marketplace merchant-of-record economics as its embedded-finance monetization strategy.

Last 12 months

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Product timeline

2019

Covetrus launched as public company via merger of Henry Schein Animal Health and Vets First Choice (NASDAQ: CVET).· ipo

2022

Taken private by Clayton, Dubilier & Rice and TPG at ~$4B enterprise value.· acquisition

2023

Continued build-out of Covetrus Platform including Avimark, Impromed, Pulse PIMS and integrated Payments/vRxPro.· banking

2025

Avimark 25.20 release adds CareCredit integration for practice financing at checkout.· lending

Same company

Covetrus AVImark was analysed under more than one name on the same domain, so its stack is split across these dossiers. Each was analysed independently and may name providers the others do not.

Covetrus2 layers →Covetrus ImproMed2 layers →Covetrus Pulse2 layers →

The stack

3 layers disclosed in Covetrus AVImark’s embedded-finance stack

Payments / PSP

Stripe Worldpay

Lending

in the full report

Accounting

in the full report

Accounting gap: significant

3 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Covetrus AVImark — frequently asked

Who is Covetrus AVImark's payment processor?

Covetrus AVImark processes payments through Stripe and Worldpay.

Who provides Covetrus AVImark's lending?

Covetrus AVImark's lending and capital products are provided by CareCredit (Synchrony).

Which accounting software does Covetrus AVImark integrate with?

Covetrus AVImark integrates with QuickBooks.

What is Covetrus AVImark's embedded finance stack?

The Embedded Finance Index 2026 maps 3 layers in Covetrus AVImark's stack: Payments / PSP (Stripe and Worldpay); Lending (CareCredit (Synchrony) and CareCredit patient financing integrated into Avimark, Impromed, and Pulse PIMS); Accounting (QuickBooks).

Where is Covetrus AVImark headquartered?

Covetrus AVImark is founded in 2019 and headquartered in Portland, Maine, United States.

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