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Petmeds® To Acquire Petcarerx

Jan 17, 2023almost 3 years ago

Acquiring Company

Petmeds

Acquired Company

Petcarerx

Delray BeachManufacturingE CommercePetAnimal FeedAnimal FeedRetailHealth Care

Description

PetMed Express, Inc. (“PetMeds®”) (NASDAQ: PETS), Your Trusted Pet Health ExpertTM, has reached a definitive agreement to acquire PetCareRx, a leading supplier of pet medications, food, and supplies.

Company Information

Company

Petmeds

Location

Delray Beach, Florida, United States

About

Your trusted health expert, PetMeds® is a publicly traded company (NASDAQ: PETS). We deliver prescription and non-prescription pet meds along with health and nutritional supplements for dogs, cats and horses at substantial savings directly to you. We serve millions of satisfied customers nationwide from one location.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed