Petplan
Chris and Natasha Ashton [1] [2] founded the company while earning MBA’s at the Wharton School in Philadelphia. According to the Philadelphia Inquirer, the couple still owns one-third of the company, even after they were ousted in 2018.
- https://www.inquirer.com/business/phillydeals/petplan-fetch-warburg-vernon-hill-natasha-ashton-pet-insurer-sold-20191002.html
- https://www.inquirer.com/business/pet-insurance-petplan-wharton-peace-merger-20190912.html
This profile is coming soon.
In 2019, Petplan was sold to NY private equity firm Warburg Pincus.
LLC
In February 2021, TCR reported that Petplan’s retail partner, Walmart, announced and unveiled a deal with Nationwide Pet that leaves Petplan and, by extension, members of Walmart’s namesake pet insurance product, out in the cold. The selling point of the Walmart-Nationwide Pet announcement is the ability of Nationwide Pet insurance members to fill covered pet prescriptions at any of Walmart’s 4,700 pharmacies around the country and have the insurance claim for the prescription processed on-site in real-time.
The pet insurance product that Walmart announced last fall with Petplan, Walmart insurance, will not offer its members the on-site, real-time claims processing now being offered to Nationwide members.
Annual Sales: $130 million [1]
