---
schema_version: "secwatch.filing_event.v1"
accession: "0001040130-23-000003"
form_type: "8-K"
ticker: "PETS"
cik: "0001040130"
company_name: "PETMED EXPRESS INC"
filed_at: "2023-01-17T23:59:59+00:00"
generated_at: "2026-06-20T14:27:55.661817+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# PetMeds acquires PetCareRx for $36M cash; adds ~200K customers, ~$42M revenue

## Summary
- All-cash deal $36M plus working capital adjustments; expected close Q1 2023.
- PetCareRx contributed ~$42M revenue (12 mo. to Oct 2022) and ~200K customers.
- Deal adds ~10K incremental wellness products; PetMeds will keep PetCareRx brand separate.
- Boards of both companies approved; conditions include regulatory and pharmacy license filings.
- Second major transaction in 9 months; follows Vetster investment in Apr 2022.

## SEC filing metadata
- accession: 0001040130-23-000003
- form_type: 8-K
- ticker: PETS
- cik: 0001040130
- company_name: PETMED EXPRESS INC
- filed_at: 2023-01-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1040130/000104013023000003/0001040130-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1040130/000104013023000003/pets-20230113.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001040130-23-000003
- JSON: https://secwatch.observer/filing/0001040130-23-000003.json
- Plain text: https://secwatch.observer/filing/0001040130-23-000003.txt

## Key facts
- Material Agreements
  PETMED EXPRESS INC entered into Merger Agreement with PetCareRx, Inc. valued at $36 million in cash (effective 2023-01-13).
  - Action: entry
  - Agreement: merger
  - Counterparty: PetCareRx, Inc.
  - Value: $36 million in cash
  - Effective: 2023-01-13
  source text: On January 13, 2023, PetMed Express, Inc. (the “ Company ”) entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) by and among the Company, Harry Merger Sub, Inc., a New York corporation and a wholly-owned subsidiary of the Company (“ Merger Sub ”), PetCareRx, Inc., a New York corporation (“ PetCareRx ”), and Jeanette Loeb (as representative of the PetCareRx equity holders).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1040130/000104013023000003/0001040130-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.