(Il Sole 24 Ore Radiocor) - Milano, 8 apr - Chewy said it had agreed to buy veterinary platform Modern Animal as part of plans to grow its pet healthcare services.

The acquisition, seen closing in its second quarter, is expected to add over 125 million dollars in annualized run rate revenue, taking Chewy Vet Care's footprint from 18 to 47 locations nationwide.

Chewy said the acquisition is expected to be Ebitda-dollar neutral in 2026 on a pro forma basis.

Chewy's board also authorized a 500 million dollar increase to the company's share repurchase program following the signing of the agreement.

The Florida-based company did not disclose the value of the.

deal.

(RADIOCOR) 08-04-26 17:08:57 (0527) 5 NNNN