PetIQ provides a range of veterinary services and products aimed at making pet care more accessible and affordable for pet owners. Their offerings include flea and tick treatments, health and wellness products, prescription medications, and pet treats. PetIQ operates veterinary clinics and wellness centers, allowing them to deliver direct services to pet owners. The company manages multiple stages of its supply chain, from research and product development to manufacturing and distribution, which helps maintain high-quality standards and cost efficiencies. What sets PetIQ apart from its competitors is its strong focus on customer service and community support, including charitable initiatives for pet shelters and rescue programs. The goal of PetIQ is to enhance pet health and well-being while ensuring that pet care remains affordable and accessible.

Bansk Group

Social Impact

Healthcare

PetIQ

EAGLE, Idaho, Dec. 20, 2023 (GLOBE NEWSWIRE) - PetIQ, Inc. ("PetIQ" or the "Company") (Nasdaq: PETQ), a leading pet medication and wellness company, has announced the launch of the Portable Calming Diffuser for Dogs and Cats from its SENTRY(R) Calming line of pet care products just in time to help pets feel calm and relaxed during the holiday season and beyond.

PetIQ, Inc.'s New SENTRY(R) Portable Calming Diffuser Helps Calm Dogs and Cats During the Busy Holiday Season and Beyond

Walmart’s latest venture into the healthcare space involves four-legged patients.The retailer announced in a Thursday (Sept. 20) press release the launch of its first pet services center, based in Dallas, Georgia.“We know that pet services are essential for pet parents, but for many, the experience can be costly and disjointed,” Walmart Vice President of Merchandising of Pets Kaitlyn Shadiow wrote in the release. “At Walmart, we have an opportunity to help our customers save precious money, time and effort by offering a destination for pet services at the same place they purchase their pet food and supplies.”The new operation will offer pet services within a dedicated storefront, such as routine veterinary care — which includes vaccines, wellness exams and minor medical services — grooming and a self-serve dog wash, according to the release.The center will act as a pilot, and the model could expand to other communities, the release said. The company already offers in-store vet clinics at more than 65 stores across the country, owned and operated by PetIQ. It also stocks pet medications at its pharmacies.“And for an even more seamless experience, a new online Pet Pharmacy experience is coming soon to Walmart.com and the Walmart app,” the release noted.Earlier this year, Walmart joined the up-and-coming pet telehealth sector by offering Walmart+ members a free year’s subscription to the veterinary telehealth platform Pawp.Walmart is tapping into a pet healthcare market worth at least $43 billion, as Mita Malhotra, vice president and general manager of Chewy Pharmacy and Healthcare, told PYMNTS earlier this year. However, there is still room for growth, with just a handful of states permitting complete virtual veterinary services.Meanwhile, other players are looking to get into the pet health market, such as Mars

Walmart Expands Animal Health Plans With First Pet Services Center

PetIQ, inc. appoints John Pearson to Executive Vice president, Services & Manufactured Products.

PetIQ, inc. appoints John Pearson to Executive Vice president, Services & Manufactured Products

PetIQ had announced Herrman's appointment as general counsel in a February 2019 press release.

Charge of attempted strangulation precedes general counsel's ouster

PetIQ, Inc. has secured stockholder approval for a $1.5 billion merger with Bansk Group, with the deal expected to close on October 25, 2024. This merger aims to enhance PetIQ's growth in the pet healthcare sector by leveraging Bansk Group's investment expertise. The merger will provide PetIQ with increased access to capital for product development, marketing, and distribution expansion.

PetIQ Secures Approval for $1.5B Merger

PetIQ, Inc. (NASDAQ: PETQ) will be acquired by Bansk Group in an all-cash deal valued at approximately $1.5 billion. PetIQ stockholders will receive $31.00 per share, a significant premium over the recent trading price of around $10. The acquisition reflects the strategic importance of PetIQ in the pet healthcare market and is expected to boost PetIQ shares as the transaction nears completion.

PetIQ Acquired by Bansk for $1.5B

Bansk Group has agreed to acquire PetIQ, a US-based pet medication, health and wellness company, in a $1.5 billion take-private deal.

Bansk Group to take pet wellness company PetIQ private for $1.5bn

EAGLE, Idaho, and NEW YORK, New York, Aug. 07, 2024  (GLOBE NEWSWIRE) -- PetIQ, Inc. (“PetIQ” or the “Company”) (Nasdaq: PETQ), a leading pet medication, health and wellness company, and Bansk Group (“Bansk”), a consumer-focused private investment firm dedicated to building distinctive consumer brands, today announced that PetIQ entered into a definitive agreement (the “Agreement”) pursuant to which Bansk Group will acquire all of the outstanding shares of PetIQ’s common stock for $31.00 per share, in an all-cash transaction valued at approximately $1.5 billion. PetIQ’s Board of Directors (the “Board”) has approved the Agreement, which represents a premium of approximately 41% to the 30-day volume-weighted average stock price as of August 6, 2024, the last trading day prior to announcement of the transaction, and a premium of approximately 51% to the closing stock price on that date. Cord Christensen, Founder, Chairman and CEO of PetIQ, commented, “On behalf of PetIQ's Board of Directors, we are thrilled to announce the execution of a definitive agreement with Bansk Group at a substantial premium for PetIQ stockholders. After a comprehensive assessment of the offer with the assistance of our outside advisors, the Board has determined that this transaction represents an attractive outcome for PetIQ and our stockholders.”    Christensen concluded, “Our growth and success over the last 14 years is a testament to our emphasis on long-term, strategic decision making, while operating our business in the interest of all stakeholders. We are excited to partner with Bansk Group and to utilize their extensive operational and brand-building experience, including their direct expertise of managing consumer health products for over four decades. This transaction provides us with an incredible opportunity to continue to execute on our strategy of providing pet parents convenient access to affordable pet healthcare while accelerating many longer-term growth initiatives.”    “Cord and the entire PetIQ team have done a fantastic job developing a comprehensive pet health and wellness platform that offers effective and accessible solutions for pet owners,” said Chris Kelly, Senior Partner of Bansk Group

Petiq, Inc. Enters Into Definitive Agreement To Be Acquired By Bansk Group

Walmart Adds Pawp’s Telehealth Service for Pets to Membership. Subscribers to the Walmart+ membership program now have free, unlimited access to Pawp’s telehealth service for pet owners. Walmart’s introduction of this benefit comes after a pilot program in which Pawp became Walmart+’s most successful limited-time offer of 2023, the retailer said in a Wednesday (May 22) press release

Walmart Adds Pawp’S Telehealth Service For Pets To Membership Program

Veterinary services and pet care products

PetIQ

Veterinary services and pet care products

PetIQ

Veterinary services and pet care products

About

Simplify's Take

What believers are saying

What critics are saying

What makes PetIQ unique

6 month growth

1 year growth

2 year growth

Recently Posted Jobs

There are no jobs for PetIQ right now.