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Consumer Software
Enterprise Software
Healthcare
Company Size
51-200
Company Stage
Series B
Total Funding
$35M
Headquarters
St. Louis, Missouri
Founded
2016
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Total Funding
$35M
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DocGo Inc. (DCGO) stock: soars after acquiring SteadyMD to power nationwide virtual care expansion. * 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. Get 3 free stock ebooks. Discover top-performing stocks in AI, Crypto, and Technology with expert analysis. * Top 10 AI Stocks - Leading AI companies * Top 10 Crypto Stocks - Blockchain leaders * Top 10 Tech Stocks - Tech giants
DocGo has acquired SteadyMD, a virtual care platform, to expand its telehealth services across all 50 states. SteadyMD is expected to generate approximately $25 million in revenue in 2025 and service over 3 million patients. The acquisition will combine DocGo's mobile health services with SteadyMD's virtual care network. The transaction will be funded through existing cash, and SteadyMD's leadership will join DocGo's team.
SCOTTSDALE, Ariz., June 27, 2024 /PRNewswire/ -- Amendola Communications today announced it has won three top Hermes Creative Awards, demonstrating the company's solid commitment to delivering outstanding results for its healthcare and health IT clients.The Hermes Creative Awards, one of the oldest and largest competitions in the world, recognized Amendola with a trio of 2024 Platinum awards for its work on behalf of clients in 2022 and 2023. The judges honored Amendola with its highest awards for the following work:An integrated marketing campaign on behalf of Medicomp Systems , a physician-driven provider of diagnostically connected patient data solutions. Amendola won for its well-coordinated campaign that amplified Medicomp's message and cut through the noise in a field crowded with evolving regulations and emerging technologies, including AI., a physician-driven provider of diagnostically connected patient data solutions. Amendola won for its well-coordinated campaign that amplified Medicomp's message and cut through the noise in a field crowded with evolving regulations and emerging technologies, including AI. A PR campaign for KeyCare , the nation's first Epic-based virtual care platform. Through strategic planning and creative storytelling, Amendola took KeyCare from an unknown startup to a leading player in the crowded virtual care field., the nation's first Epic-based virtual care platform
It also provides work-life balance for overburdened providers, clinicians sayST. LOUIS, Feb. 20, 2024 /PRNewswire/ -- Telehealth is effective for managing patients with chronic conditions while also making it easier for healthcare providers to manage their personal and professional lives, according to the results of a new clinician survey from SteadyMD, a telehealth infrastructure provider that powers healthcare leaders and innovators in all 50 states.While telehealth has previously been viewed as primarily suited for acute or minor conditions, 83.6% of clinicians surveyed strongly agreed (45.5%) or somewhat agreed (38.1%) that it is effective for managing chronic conditions.The survey of 134 clinicians across SteadyMD's nationwide network was conducted in January. The results offer insights into the benefits, challenges and potential of telemedicine as it matures into its post-pandemic use cases.As research has repeatedly shown, clinician burnout is having a profound impact across the healthcare landscape, with a 2023 Journal of the American Medical Association study concluding that it is a "potential threat to the ability of the U.S. healthcare system to care for patients." Telemedicine addresses this issue and is attractive to clinicians because it provides the flexibility necessary for a better work-life balance, a fact borne out by the survey. Ninety-four percent of respondents strongly agreed (76.1%) or somewhat agreed (17.9%) with the statement, "I find it easier to manage personal and professional commitments by practicing medicine via telehealth."SteadyMD's clinicians also addressed barriers to practicing across state lines
Best-in-Class Technology and Highly Trained Clinicians Helps Understaffed Healthcare Organizations Lower Costs, Reduce Burnout and Manage Patient WorkloadsSEATTLE, Oct. 9, 2023 /PRNewswire/ -- 98point6 Technologies , a leader in virtual care software, today announced a new strategic partnership with B2B telehealth infrastructure provider, SteadyMD. Together, these leaders will provide an all-in-one virtual care offering to healthcare organizations that combines 98point6's cloud-based, licensable technology with SteadyMD's 50-state network of highly-trained clinicians to help short staffed healthcare organizations lower the unit economic cost of care operations, reduce provider burnout and manage escalating patient workloads.With an estimated shortage of 200,000 nurses and 50,000 physicians over the next three years and with more than 50% of U.S. hospitals operating at a deficit in 2022, health systems face significant financial and operational challenges. The text-first 98point6 Technology Platform, coupled with SteadyMD's technology, clinical operations and clinician workforce, will enable organizations, such as health systems with in-person care, to create new revenue streams, increase provider efficiency and reduce administrative burdens — making their hybrid and virtual care strategies a reality."98point6 Technologies brings a keen understanding of how technology can lower the cost of care while also providing the best patient and provider experiences possible," said Guy Friedman, co-founder and CEO of SteadyMD. "Our new all-in-one virtual care solution promises to revolutionize healthcare delivery, ensuring providers have the tools and support they need to provide accessible, high-quality patient care."The 98point6 Technology Platform provides the backend infrastructure that enables healthcare organizations to innovate and quickly reimagine new economic models at scale
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Industries
Consumer Software
Enterprise Software
Healthcare
Company Size
51-200
Company Stage
Series B
Total Funding
$35M
Headquarters
St. Louis, Missouri
Founded
2016
Find jobs on Simplify and start your career today