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Chewy to Acquire Modern Animal Accelerating Evolution to a Fully Integrated Healthcare Ecosystem
Last chewy, inc. class a earnings: 12/9 04:15 pm
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PLANTATION, Fla.--(BUSINESS WIRE)--Chewy, Inc. (NYSE: CHWY) (“Chewy”), today announced it has entered into a definitive agreement to acquire Modern Animal, Inc. (“Modern Animal”), a technology-forward veterinary platform with 29 owned clinics, 24/7 virtual care, and a high-retention membership model. This acquisition represents an important strategic step in Chewy’s evolution into a fully integrated pet healthcare ecosystem, combining care, commerce and services across the pet lifecycle. Modern Animal adds a scaled, tech-enabled in-person care model that accelerates Chewy’s clinic expansion and complements its existing health, pharmacy and Chewy Vet Care (“CVC”) capabilities.The acquisition is expected to add over $125 million in annualized run rate revenue, instantly scaling Chewy Vet Care’s footprint from 18 to 47 locations nationwide, and is expected to be EBITDA-dollar neutral in 2026 on a pro forma basis. Modern Animal clinics have historically matured over two to four years
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- Chewy (CHWY) had its "buy" rating reaffirmed by Guggenheim. They now have a $45.00 price target on the stock.[MarketBeat]
- Chewy (CHWY) was upgraded by Argus to "strong-buy".[MarketBeat]
- Chewy (CHWY) had its price target lowered by UBS Group AG from $42.00 to $32.00. They now have a "neutral" rating on the stock.[MarketBeat]
- Chewy (CHWY) had its price target lowered by Bank of America Corporation from $46.00 to $40.00. They now have a "buy" rating on the stock.[MarketBeat]
- Chewy (CHWY) had its price target lowered by Morgan Stanley from $50.00 to $49.00. They now have an "overweight" rating on the stock.[MarketBeat]
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SEC Filings
- 4/10/26 - Form 4
- 4/10/26 - Form 4
- 4/10/26 - Form 4
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