Business
Chewy to Acquire Modern Animal Accelerating Evolution to a Fully Integrated Healthcare Ecosystem
PLANTATION, Fla., April 08, 2026--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 A
About this update from Chewy, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1008,"height":317,"url":"https://media.zenfs.com/en/business-wire.com/7cc2525c9ea6a733da88eb974c5d0970"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/kEi_6vnRz4WPKhtsOCTeWQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTMwMg--/https://media.zenfs.com/en/business-wire.com/7cc2525c9ea6a733da88eb974c5d0970","width":960,"height":302},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/9qVqlQ4AXUFRvhFln1ojIQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIwMTY7aD02MzQ-/https://media.zenfs.com/en/business-wire.com/7cc2525c9ea6a733da88eb974c5d0970","width":1008,"height":317}},"lazy":false},{"type":"text","content":"PLANTATION, Fla., April 08, 2026--(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.","length":730,"tagName":"p"},{"type":"text","content":"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 with a clear line of sight to EBITDA-dollar contribution beginning in 2027.","length":386,"tagName":"p"},{"type":"text","content":"In addition to fast-scaling net sales, Modern Animal clinics demonstrate attractive unit economics, with over 2x above-industry-average revenue per location and EBITDA margins exceeding 20% for mature clinics. Supported by disciplined operations, clinical excellence and purpose-built technology, the returns align with Chewy’s de novo clinic model.","length":349,"tagName":"p"},{"type":"text","content":""Modern ...