Petco to acquire 50% stake in Thrive Pet Healthcare.

Petco, a category-defining health and wellness company, agreed to acquire 50% stake in Thrive Pet Healthcare, a veterinary service network that uniquely delivers a continuum of care to pet families and services to veterinary hospitals. Financial terms were not disclosed. "We are incredibly grateful for our team members' contributions to the health and wellbeing of the pet families we all serve. With demand for high-quality pet care at an all-time high, we see continued growth ahead for Petco and Thrive as we both strive to meet the needs of pets and pet parents independently. Our commitment remains the same – creating a more connected and innovative ecosystem that will continue expanding accessibility to veterinary services and healthcare across primary, acute, and specialty care," Odis Pirtle, Thrive Pet Healthcare Chief Operating Officer.