So it is a bulging disk with facet joint arthritis. The big thing is letting the disk resorb over time. In our human patients we tell them to keep moving (walking, nothing strenuous) and to keep the nerves moving through the foreamen. In time the pain resolves on its own with activity but that can be between 6-24 months. There is no standard course of recovery.
I’m not sure what you hope from PEMF? Is the horse neuro, lacking coordination (which goes more to the stenosis) or simply painful?
I present this not as a critique or attempt to influence treatment but to help you temper expectations and timelines.