“Can a vet-supply distributor become the operating system — and payments rail — for every veterinary practice?”
Covetrus was formed in 2019 by merging Henry Schein's animal-health distribution business with Vets First Choice (a home-delivery prescription platform) to create a global vet-practice technology and supply company. Pulse — its cloud-native veterinary operating system (vOS) — has become the strategic center: a workflow, PIMS, payments, and now AI layer for ~17,000 practices. Taken private by CD&R and TPG in 2022, Covetrus is now doubling down on embedded payments (Worldpay, Stripe, CareCredit) and AI-driven productivity as the monetization surface on top of its distribution business.
Covetrus Pulse processes payments through Worldpay, Stripe and Covetrus Payments (self-operated).
Covetrus Pulse's lending and capital products are provided by CareCredit (Synchrony).
The Embedded Finance Index 2026 maps 2 layers in Covetrus Pulse's stack: Payments / PSP (Worldpay, Stripe and Covetrus Payments (self-operated)); Lending (CareCredit (Synchrony) and CareCredit integrated financing for pet parents).
Covetrus Pulse is founded in 2019 and headquartered in Portland, Maine, United States.
Get a read on where your own stack stands against Covetrus Pulse and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.