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Petco and Nationwide Be part of Forces to Carry Insurance coverage and Care to Extra Pets

San Diego and Columbus, OH – Petco Well being and Wellness Firm, Inc. (Nasdaq: WOOF) and Nationwide, the biggest pet insurer within the nation, immediately introduced plans for a multi-year partnership to co-develop built-in and reasonably priced pet well being, wellness and safety options for each stage of a pet’s life, with the purpose of higher pet well being and wellness outcomes for the greater than 90 million pet households within the US*

Petco’s totally built-in ecosystem of pet well being and wellness options — together with their greater than 1,500 Petco pet care facilities — and Nationwide’s deep claims information set, and pet safety and insurance coverage capabilities shall be on the middle of the excellent applications anticipated to be accessible in 2023. With the flexibility to cross-promote and market to one another’s buyer base and past, the pet-serving corporations will leverage their collective infrastructure, experience and greater than 150 years of insights from a quickly rising buyer base of greater than 25 million pet households.

“Receiving the medical assist pets want all through their lives is vital for each pets and their households,” mentioned Petco SVP Omnichannel Buyer Expertise, Jenny Wolski. “The personalized, data-driven pet insurance coverage options we’re growing in partnership with Nationwide shall be designed to broaden households’ entry to Petco’s full vary of pet care providers, giving them longer and more healthy lives collectively.”

Ongoing veterinary care is vital to pets’ total well being and wellness, and serving to them stay lengthy, comfortable, wholesome lives. Pet insurance coverage performs a major function in serving to households say “sure” to care they might not in any other case be capable to afford, but solely about 2.5% of pets within the US are estimated to be insured, in response to 2021 information from the North American Pet Well being Insurance coverage Affiliation (NAPHIA). A 2021 VetSuccess examine sponsored by Nationwide discovered canines and cats insured by Nationwide visited veterinarians 73% and 43% extra usually, respectively, than pets with out medical insurance.

“Forty years in the past, Nationwide issued the primary pet medical insurance coverage within the US for TV’s Lassie. For yearly since, extra clients have trusted us to guard their pets than some other insurer. Sustaining our market management has been pushed by steady, customer-focused innovation together with as the primary to supply voluntary advantages plans, avian and unique protection, telehealth, and most well-liked pricing on prescribed drugs,” mentioned Nationwide pet insurance coverage President and Chief Pet Officer Heidi Sirota. “Our partnership with Petco is one other game-changing transfer that may reshape the pet care business by increasing entry to care, delivering actionable well being insights, and enhancing outcomes for thousands and thousands of pets and their households..”

These new choices are anticipated to give attention to end-to-end pet care fulfilled by means of Petco’s pharmacy, veterinary hospitals or clinics, and different well being and wellness choices, together with Petco’s revolutionary Very important Care program. Protection will embody routine preventative care like vaccinations and sudden medical wants associated to accidents or severe sicknesses. Petco insurance coverage choices accessible to clients and Petco companions (staff) are anticipated to be delivered solely by means of Nationwide pet insurance coverage sooner or later.

“With a rising variety of pets in US properties, and a necessity and need from their loving households for them to stay as wholesome and comfortable as potential, increasing pet dad and mom’ entry to the care that helps all components of a pets’ complete well being — together with entry to veterinary care in addition to bodily, psychological, social and residential well being — is a key element of Petco’s give attention to purpose-driven efficiency,” mentioned Dr. Whitney Miller, DVM, MBA, DACVPM and Chief Veterinarian at Petco. “Nationwide’s confirmed monitor report of enabling extraordinary take care of thousands and thousands of pets is completely aligned with our mission of enhancing lives. With our mixed efforts centered on what’s greatest for pets, we goal to streamline the pet insurance coverage course of not just for our clients however the veterinary neighborhood at giant.”

Supply: 2021-2022 Nationwide Pet Homeowners Survey by American Pet Merchandise Affiliation (APPA).

About Petco, The Well being + Wellness Co.:
Based in 1965, Petco is a category-defining well being and wellness firm centered on enhancing the lives of pets, pet dad and mom and our personal Petco companions. We have constantly set new requirements in pet care whereas delivering complete pet wellness merchandise, providers and options, and creating communities that deepen the pet-pet mum or dad bond. We function greater than 1,500 pet care facilities throughout the US, Mexico and Puerto Rico, which provide merchandise, companion animals, grooming, coaching and a rising community of on-site veterinary hospitals and cell veterinary clinics. Our full pet well being and wellness ecosystem is accessible by means of our pet care facilities and digitally at petco.com and on the petco-app. In tandem with Petco Love (previously the Petco Basis), an impartial nonprofit group, we work with and assist hundreds of native animal welfare teams throughout the nation and, by means of in-store adoption occasions, we have helped discover properties for greater than 6.5 million animals.

About Nationwide pet insurance coverage
With greater than 1.1 million insured pets, Nationwide is the primary and largest supplier of pet medical insurance in the USA. Nationwide pet medical insurance plans cowl canines, cats, birds and unique pets for a number of medical issues and circumstances referring to accidents, sicknesses and accidents. Medical plans can be found in all 50 states and the District of Columbia. Merchandise underwritten by Veterinary Pet Insurance coverage Firm (CA), Columbus, OH; Nationwide Casualty Firm (all different states), Columbus, OH. Company of Document: DVM Insurance coverage Company. All are subsidiaries of Nationwide Mutual Insurance coverage Firm. Pet homeowners can discover Nationwide pet insurance coverage on Fb or observe on Twitter. For extra details about Nationwide pet insurance coverage, name 800-USA-PETS (800-872-7387) or go to petinsurance.com.

About Nationwide
Nationwide, a Fortune 100 firm based mostly in Columbus, Ohio, is likely one of the largest and strongest diversified insurance coverage and monetary providers organizations in the USA. Nationwide is rated A+ by Normal & Poor’s. An business chief in driving customer-focused innovation, Nationwide supplies a full vary of insurance coverage and monetary providers merchandise together with auto, enterprise, owners, farm and life insurance coverage; private and non-private sector retirement plans, annuities, mutual funds and ETFs; extra & surplus, specialty and surety; pet, bike and boat insurance coverage. For extra info, go to www.nationwide.com. Comply with us on Fb and Twitter.

Nationwide, Nationwide is in your facet, and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance coverage Firm. © 2022.

Cautionary Word Relating to Ahead-Wanting Statements
This press launch comprises forward-looking statements throughout the that means of Part 27A of the Securities Act of 1933, amended as, and Part 21E of the Securities Change Act of 1934, as amended, regarding expectations, beliefs, plans, goals, targets, methods , future occasions or efficiency and underlying assumptions and different statements which might be aside from statements of historic truth. Though Petco believes that the expectations and assumptions mirrored in these statements are affordable, there may be no assurance that these expectations will show to be appropriate. Ahead-looking statements are topic to many dangers and uncertainties, together with the danger components that Petco identifies in its Securities and Change Fee filings, and precise outcomes might differ materially from the outcomes mentioned in such forward-looking statements. Petco undertakes no responsibility to publicly replace any forward-looking assertion that it might make, whether or not on account of new info, future occasions or in any other case, besides as could also be required by relevant regulation, regulation or different competent authorized authority.

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