Welcome to our dedicated page for DocGo news (Ticker: DCGO), a resource for investors and traders seeking the latest updates and insights on DocGo stock.
DocGo Inc. (DCGO) is a prominent provider of mobile medical services and transportation across 26 US states and the United Kingdom. The company specializes in delivering last-mile mobile health services and integrated medical mobility solutions, ensuring quality healthcare access wherever it's needed. DocGo operates through three primary segments: Mobile Health Services, Transportation Services, and Corporate, with Mobile Health Services being the most significant revenue contributor.
DocGo's Mobile Health Services segment encompasses a wide range of medical offerings, including on-site health assessments, remote patient monitoring, and urgent care. These services aim to bridge the gap between traditional healthcare facilities and patients, providing timely and efficient care right at the patient's location.
The Transportation Services segment focuses on non-emergency medical transportation, ensuring patients can safely travel to and from healthcare appointments. This segment is essential for maintaining consistent patient care, particularly for individuals with mobility challenges or those requiring specialized transport vehicles.
DocGo's Corporate segment manages administrative functions and strategic initiatives, supporting the operational efficiency and growth of the company's primary services. Recent achievements for DocGo include expanding its service areas, integrating advanced technology in patient care, and forming strategic partnerships with notable healthcare providers to enhance service delivery and patient outcomes.
Financially, DocGo has demonstrated steady growth, bolstered by its diversified service offerings and commitment to innovation in healthcare delivery. The company's focus on expanding its footprint and leveraging technology positions it to continue thriving in the dynamic healthcare sector.
DocGo, a leader in mobile health services, has secured a contract with Horizon Healthcare Services, New Jersey's largest health insurer, effective August 1, 2022. This agreement will allow DocGo to provide mobile health services to an additional 3.8 million members, including commercial and Medicare populations. The collaboration aims to enhance healthcare access, as well as improve quality and affordability. The partnership aligns with Horizon's mission to innovate healthcare delivery and offers services such as in-home care and virtual consultations.
DocGo Inc. (NASDAQ: DCGO) has announced the redemption of all outstanding warrants, both public and private, on September 16, 2022, at a redemption price of $0.10 per warrant. This decision follows the common stock's sales price exceeding $10.00 as of August 12, 2022. Holders have until 5:00 PM on the Redemption Date to exercise the warrants for shares at an exercise price of $11.50 each. Unexercised warrants will become void post-deadline. A registration statement with the SEC has been filed for selling shares underlying these warrants.
DocGo (Nasdaq: DCGO), a leader in last-mile mobile health services, announced that President Anthony Capone will participate in a fireside chat at the Baird Newly Public Company Virtual Access Day on August 17 at 3:30 PM ET. This participation may enhance visibility and engagement for the company, showcasing its innovative approach in the healthcare sector. DocGo aims to disrupt traditional healthcare by offering high-quality, affordable services to patients at home or work, leveraging technology and certified health professionals.
DocGo Inc. (Nasdaq: DCGO) reported Q2 2022 revenue of $109.5 million, up 76% year-over-year, driven by significant growth in mobile health services. Gross margin improved to 35.9%, while net income soared to $11.8 million from $0.1 million a year earlier. Adjusted EBITDA also rose to $12.3 million compared to $3.4 million in Q2 2021. The company raised its full-year revenue guidance to a range of $425-$435 million. Notably, DocGo expanded its mobile health services, securing new contracts and planning to increase its workforce by 600+ personnel.
DocGo (NASDAQ: DCGO), a leader in last-mile mobile health services, announced CEO Stan Vashovsky and President Anthony Capone will engage in a fireside chat at the Canaccord Genuity 42nd Annual Growth Conference on August 10 at 3:30 PM ET. The discussion will be accessible via a webcast on DocGo's investor relations page. The company aims to disrupt traditional healthcare with innovative technology and a dedicated field team, enhancing patient care and driving efficiencies for healthcare facilities and providers.
DocGo (Nasdaq: DCGO) will announce its second quarter results for the period ending
Investors can access the call at 1-877-407-0784 (U.S.) or 1-201-689-8560 (international) using Conference ID: 13730613. More details are available on the DocGo investor relations website.
DocGo, a leading provider of mobile health services, will unveil America’s first all-electric, zero-emissions ambulance and the concept ‘Hoverlance’ at Citi Field during the Subway Series on July 27, 2022, at 5:00 p.m.. This event aims to showcase the company's innovative technologies to an estimated 40,000 fans attending the New York Mets vs. New York Yankees game. The Hoverlance features quad-copters for aerial response and military-grade tank tracks for versatile terrain access, reinforcing DocGo's commitment to advancing emergency medical transport.
DocGo (NASDAQ: DCGO) has been included in the Russell 2000® Index following the Russell indexes' annual reconstitution on June 27, 2022. This inclusion, which is valid for one year, signifies the company's growth since its public debut in November 2021. CEO Stan Vashovsky expressed pride in the achievement and highlighted the importance of innovation in healthcare delivery. The Russell indexes are utilized by investment managers overseeing approximately $10.6 trillion in assets.
DocGo, a leader in mobile health services, announced a partnership with L.A. Care Health Plan to provide in-home medical care to Medicare and Medicaid members in Los Angeles County. This collaboration, starting in August 2022, aims to enhance healthcare accessibility for underserved populations. DocGo will focus on delivering care to patients discharged from hospitals, addressing urgent medical needs to minimize ER visits. This initiative marks a significant expansion for DocGo on the West Coast, supporting its mission of transforming healthcare delivery.
DocGo (NASDAQ: DCGO), a leader in last-mile mobile health services, has announced participation in two upcoming conferences. President Anthony Capone will join a panel discussion at the Cowen FutureHealth Conference on June 22 at 12:40 PM ET, while CEO Stan Vashovsky will attend the 8th Annual Roth London Conference on June 23, providing on-site medical services. DocGo specializes in integrated ambulance transportation and mobile health, aiming to disrupt traditional healthcare systems by offering affordable, high-quality care where patients need it.
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