Chewy (NYSE:CHWY) announced on April 8, 2026, that it has entered into a definitive agreement to acquire Modern Animal, a technology-driven veterinary platform.
The move marks a significant expansion of Chewy’s physical footprint and a major step in its transformation into a comprehensive pet healthcare provider.
The acquisition integrates Modern Animal’s 29 owned clinics and its high-retention membership model into the Chewy Vet Care (CVC) ecosystem.
By combining these assets, Chewy will instantly scale its physical veterinary presence from 18 to 47 locations across the United States.
Modern Animal is also recognized for its robust 24/7 virtual care platform, which complements Chewy’s existing telehealth and pharmacy services.
Financially, the transaction is expected to contribute more than $125 million in annualized run-rate revenue.
While the deal is projected to be EBITDA-dollar neutral in 2026 on a pro forma basis, management anticipates that the acquired clinics will begin contributing to positive EBITDA starting in 2027.