TLDR
- DocGo acquires SteadyMD, expanding its national virtual care footprint.
- Stock jumps as DocGo enhances mobile and virtual healthcare services.
- SteadyMD to serve 3M patients by 2025 under DocGo’s growing umbrella.
- DocGo targets hybrid care dominance with SteadyMD’s 600+ clinicians.
- $25M revenue boost expected from SteadyMD acquisition by 2025.
DocGo Inc. (NASDAQ: DCGO) stock climbed from a $1.20 close, marking a 3.45% increase.
DocGo Inc., DCGO
This strategic deal reinforces DocGo’s move toward a more comprehensive, technology-driven healthcare platform.
Acquisition Expands DocGo’s National Virtual Care Capabilities
DocGo confirmed it has acquired SteadyMD, a virtual care platform operating across all 50 states. The platform supports labs, pharmacies, digital health companies, and employers with scalable virtual care services. This acquisition significantly strengthens DocGo’s ability to deliver healthcare remotely and efficiently.
The transaction enables DocGo to combine its mobile health services with SteadyMD’s virtual clinician network. With over 600 licensed providers, SteadyMD enhances DocGo’s reach and resource flexibility. This integration ensures faster matching between patients’ needs and clinician availability.
SteadyMD expects to serve more than 3 million patients by 2025. It currently supports Fortune 10 clients and leading digital wellness brands. DocGo aims to improve care delivery and expand its last-mile healthcare offerings through this partnership.
Revenue Growth and Profitability Outlook Post-Acquisition
According to company forecasts, SteadyMD is projected to generate approximately $25 million in revenue in 2025. The business is also expected to become EBITDA positive by 2026, contributing to DocGo’s long-term financial goals. The company will revise its 2025 revenue and adjusted EBITDA guidance during its next earnings release.
DocGo will fund the acquisition using its existing cash reserves, indicating a solid financial foundation. The leadership team from SteadyMD, including CEO Guy Friedman and COO Yarone Goren, will join DocGo following the deal’s closure. This leadership integration aims to accelerate strategic alignment and execution.
The deal is part of DocGo’s broader strategy to expand through targeted acquisitions. With SteadyMD’s established telehealth infrastructure, DocGo now possesses both field and remote clinical capabilities. This dual model offers unmatched flexibility and speed in patient care delivery.
Strategic Vision and Market Positioning
DocGo’s CEO emphasized that combining mobile services with virtual care strengthens their platform and broadens access to healthcare. The company continues to build a diversified care model focused on convenience, reach, and efficiency. This move positions DocGo as a competitive force in the growing digital health industry.
The acquisition reinforces DocGo’s commitment to scalable and accessible care solutions across the United States. With technology at its core, the combined platform will improve care delivery speed and outcomes. Management reiterated its intent to pursue further acquisitions that align with this vision.
DocGo retained TD Securities as its exclusive financial advisor for the transaction. Legal and strategic support came from Polsinelli and Alvarez & Marsal, while Goodwin Procter advised SteadyMD. This collaborative approach reflects the transaction’s complexity and long-term importance to both organizations.
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