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Trupanion Shares Drop 12% After Buying European Pet Insurance Company

By Chris Wack


Trupanion Inc. shares fell 12% to $47.60 after the company said it is buying Royal Blue s.r.o., the parent company of PetExpert, a veterinary-focused pet insurance provider with tens of thousands of policies and operations in the Czech Republic and Slovakia.

The pet insurance company said there are approximately 1,300 veterinary hospitals in the Czech Republic and Slovakia, and more than 95% of these are connected to the PetExpert platform.

In September, Trupanion bought Smart Paws GmbH, a pet insurance company with operations in Germany and Switzerland.

The PetExpert deal is expected to close in the fourth quarter.

Trupanion does not expect a material financial impact on its 2022 financial results as a result of this acquisition.


Write to Chris Wack at chris.wack@wsj.com

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