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New Deal


Announced

MetLife to acquire PetFirst.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Health Care Services

Single Bidder

United States

Private

Friendly

Acquisition

Majority

pet health insurance

pet healthcare

Pending

Synopsis

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MetLife, a global provider of insurance, annuities, and employee benefit programs, agreed to acquire PetFirst, a pet health insurance administrator. Financial terms were not disclosed. “For more than 15 years, we have proudly focused on developing products and services to meet the growing and evolving needs of pet parents across the U.S. During this time, we have seen pet insurance continue to gain importance as a valuable product for families. With MetLife’s tremendous reach and resources, we see a strong opportunity to help more pet parents get access to pet insurance and alleviate the potential financial burden of a sick or injured pet,” Katie Blakeley, PetFirst CEO.

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