• Accelerates Vet Care Expansion: Adds immediate scale in a large, growing and high margin veterinary services market. From 18 to 47 locations nationwide; Modern Animal clinics expected to add over $125 Million in annualized run rate revenue.
  • Accretive to Earnings (EPS): Expected to be accretive to earnings per share (EPS) within the first year following close, with increasing contribution starting year 2.
  • Near-Term EBITDA Impact: Expected to be EBITDA dollar-neutral in FY2026 on a pro forma basis, with clear line of sight to EBITDA dollar contribution beginning in FY2027.
  • Meaningful Synergies: Ecosystem benefits drive increasing synergies within the first 24 months through cross-platform engagement, operational efficiencies, and scale benefits.
  • Enhanced Customer Flywheel: Expands Chewy's ability to acquire and engage high-value pet parents, driving incremental growth across its core commerce business through increased retention, cross-category purchasing, and prescription adoption.
  • Integration Risk: Low. Established infrastructure and operating capabilities are expected to support efficient, low-cost integration with minimal disruption.