DocGo’s EMS Direct Signs Two-Year Contract to Provide Medical Transportation for a Leading Health and Hospital System in Fort Worth

Rhea-AI Summary

DocGo (Nasdaq: DCGO) has secured a two-year contract through its subsidiary EMS Direct to provide medical transportation services for a major health and hospital system in Fort Worth, North Texas. The agreement covers Basic Life Support, Advanced Life Support, and Critical Care transportation services. The contract was implemented in under 90 days, demonstrating DocGo's operational efficiency. This expansion strengthens DocGo's presence in Texas and positions the company for further growth in the Dallas area.

Positive

• Secured new contract with major health system in North Texas
• Rapid contract implementation (under 90 days)
• Geographic expansion in key Texas market
• Diversification of service offerings across multiple transport categories

Negative

• None.

Insights

Healthcare Operations Analyst

This contract win in Fort Worth represents a strategic expansion in the lucrative Texas healthcare market. The rapid 90-day operationalization demonstrates strong execution capabilities and efficient resource deployment. While financial terms aren't disclosed, the contract with a major health system should provide steady revenue streams and potential network effects for additional contracts in the Dallas-Fort Worth metroplex. The inclusion of multiple service tiers (BLS, ALS and Critical Care) suggests comprehensive market coverage and higher potential revenue per transport. The deal strengthens DocGo's presence in Texas, a high-growth healthcare market with increasing demand for mobile medical services. However, investors should note that medical transport services typically operate on thin margins and success depends heavily on operational efficiency and volume optimization.

NEW YORK--(BUSINESS WIRE)-- DocGo Inc. (Nasdaq: DCGO) (“DocGo” or the “Company”), a leading provider of technology-enabled mobile health services, today announced a new contract for ambulance transport services with one of the largest health and hospital systems in North Texas.

Under this contract, DocGo’s subsidiary EMS Direct is providing Basic Life Support, Advanced Life Support, and Critical Care transportation services to Fort Worth facilities. This agreement was signed and operationalized in less than 90 days — underscoring DocGo’s agility and responsiveness to the healthcare system's needs.

“Our ability to scale quickly and effectively is one of our key competitive differentiators,” said Lee Bienstock, CEO of DocGo. “Our services will help ensure Fort Worth and the surrounding areas have access to top-tier medical transportation services when they’re needed, and this contract positions us to invest for additional growth in the Dallas area.”

DocGo’s EMS Direct proudly serves communities across Texas, and this new agreement reflects the Company’s commitment to delivering high-quality healthcare solutions in the Lone Star State – providing patients in Fort Worth and the surrounding areas with greater access to reliable medical transportation services.

About DocGo

DocGo is leading the proactive healthcare revolution with an innovative care delivery platform that includes mobile health services, remote patient monitoring and ambulance services. DocGo is helping to reshape the traditional four-wall healthcare system by providing high quality, highly accessible care to patients where and when they need it. DocGo’s proprietary technology and relationships with a dedicated field staff of certified health professionals elevate the quality of patient care and drive business efficiencies for facilities, hospital networks and health insurance providers. With Mobile Health, DocGo empowers the full promise and potential of telehealth by facilitating healthcare treatment, in tandem with a remote physician, in the comfort of a patient’s home or workplace. Together with DocGo’s integrated Ambulnz medical transport services, DocGo is bridging the gap between physical and virtual care. For more information, please visit www.docgo.com.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, the Company’s plans, strategies, outcomes, and prospects, both business and financial, of the Company, including the provision of services in the Texas market. These statements are based on the beliefs and assumptions of the Company’s management. Although the Company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, the Company cannot assure you that it will achieve or realize these plans, intentions, outcomes, results or expectations. Accordingly, you should not place undue reliance on such statements. All statements other than statements of historical fact are forward-looking. In some cases, these statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “might,” “will,” “should,” “could,” “can,” “would,” “design,” “potential,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or the negative of these terms or similar expressions. Forward-looking statements are inherently subject to substantial risks, uncertainties and assumptions, many of which are beyond the Company’s control, and which may cause the Company’s actual results or outcomes, or the timing of results or outcomes, to differ materially from those contained in the Company’s forward-looking statements, including, but not limited to the following: the Company’s ability to successfully implement its business strategy, including with respect to the provision of services in Texas; the Company’s reliance on and ability to maintain its contractual relationships with its healthcare provider partners and clients; the Company’s ability to compete effectively in a highly competitive industry; the Company’s ability to maintain existing contracts, including its new contract to serve facilities in Fort Worth; the Company’s reliance on government contracts; the Company’s ability to effectively manage its growth; the Company’s financial performance and future prospects; the Company’s ability to deliver on its business strategies or models, plans and goals; the Company’s ability to expand geographically; the Company’s competitive position and opportunities, including its ability to realize the benefits from its operating model; and other risk factors included in the Company’s filings with the Securities and Exchange Commission. The forward-looking statements made in this press release are based on events or circumstances as of the date on which the statements are made. The Company undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as and to the extent required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241126163975/en/

Media:

Tommy Meara

Moxie Strategies

718-309-3506

tommy@moxiestrategies.com

Investors:

Mike Cole

DocGo

949-444-1341

mike.cole@docgo.com

ir@docgo.com

Source: DocGo Inc.

FAQ

What services will DocGo (DCGO) provide under the new Fort Worth contract?

Under the contract, DocGo's EMS Direct will provide Basic Life Support, Advanced Life Support, and Critical Care transportation services to Fort Worth facilities.

How long did it take DocGo (DCGO) to implement the Fort Worth medical transportation contract?

DocGo implemented the contract in less than 90 days from signing.

What is the duration of DocGo's (DCGO) new Fort Worth medical transportation contract?

The contract is for a two-year term.

Where will DocGo (DCGO) provide its new medical transportation services?

DocGo will provide services to Fort Worth facilities and the surrounding areas in North Texas.