PetMeds to acquire PetCareRx.

PetMeds, a company delivers pet medications, products, and health services direct to the consumer at PetMeds.com, agreed to acquire PetCareRx, a supplier of pet medications, food, and supplies. Financial terms were not disclosed. “We believe this acquisition will not only be highly beneficial to our customers but will also drive significant shareholder value over the long-term. Together, PetMeds and PetCareRx will provide a much expanded product offering and accelerated growth by capturing a larger share of customer wallet through increased basket size and order frequency within the booming $120bn annual sales US pet care market. Pet parents will benefit from expanded choice in both prescription and non-prescription medicines, and thousands of incremental products, including premium and prescription food, treats, and supplements,” Matt Hulett, PetMeds CEO and President.