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DocGo, a leading provider of Mobile Health services, has completed its business combination with Motion Acquisition Corp. (MOTN), raising approximately $158 million in cash proceeds after transaction expenses. The combined company will begin trading on Nasdaq under the ticker symbols 'DCGO' and 'DCGOW' starting November 8, 2021. CEO Stan Vashovsky highlighted the milestone as a significant advancement for the company, aiming to utilize the additional capital for growth and geographic expansion within Mobile Health services.
Motion Acquisition Corp. (Nasdaq: MOTN) and its merger partner, DocGo, a Mobile Health services provider, announced that DocGo's CEO, Stan Vashovsky, will present at the Credit Suisse Virtual Healthcare Conference on November 8, 2021. The presentation will highlight the company's innovative approach to healthcare, emphasizing integrated medical mobility solutions. Investors are encouraged to access further information through DocGo's investor relations website, particularly concerning the proposed business combination with Motion and related filings with the SEC.
Motion Acquisition Corp. (Nasdaq: MOTN) announced that its merger with DocGo, a provider of Mobile Health services, has received overwhelming approval from shareholders, with 99% voting in favor. Approximately 60% of shares from the initial public offering were redeemed. The transaction is expected to close soon, pending satisfaction of remaining conditions. DocGo aims to disrupt traditional healthcare with integrated mobile solutions, enhancing patient care and operational efficiency.
DocGo has announced a merger agreement with Motion Acquisition Corp. (MOTN) and secured multiple new contracts to expand its Mobile Health services nationwide. Key initiatives include launching services for the homeless in Delaware County, CA, and providing monoclonal antibody treatments in Arizona, among others. With these contracts, DocGo aims to enhance healthcare accessibility and drive growth. The company operates in 26 U.S. states and the UK, employing over 3,500 healthcare professionals. Upon merger completion, it will rebrand as DocGo, Inc. and trade under the ticker DCGO.
DocGo, a mobile health services provider, has announced its merger with Motion Acquisition Corp (Nasdaq: MOTN). For Q3, DocGo reported revenues of $81 million, a 200% increase year-over-year. The company is expected to generate $260 million in revenue for fiscal 2021. Recent initiatives include expanding into new markets such as Wisconsin and Illinois and securing a $90 million contract with South Carolina. Upon merger completion, the combined entity will operate as DocGo, Inc. on Nasdaq under the new ticker DCGO.
DocGo has enhanced its transportation services for veterans in Upstate New York, effective October 1, 2021, following a contract with VA hospitals and clinics. This initiative aims to reduce wait times and improve the accessibility of medical appointments for veterans. Since starting operations in October 2020, DocGo has focused on delivering quality paramedic services in the region. With plans to bridge existing service gaps, DocGo aims to provide timely and efficient transportation, ensuring veterans receive the care they deserve.
DocGo, merging with Motion Acquisition Corp (Nasdaq: MOTN), has partnered with Visiting Physician Services (VPS) to extend its in-home mobile health services to older adults and homebound patients in New Jersey. This collaboration aims to reduce emergency room visits and hospitalizations through innovative mobile health solutions. DocGo operates in 26 states, offering a range of services and establishing partnerships for expanded healthcare access. The merger is set to enhance service delivery and operational efficiency before transitioning to the new Nasdaq ticker 'DCGO'.
On October 20, 2021, DocGo announced a partnership with Carnival Corporation to provide mobile health services on cruise ships. This collaboration aims to station DocGo medical teams at major cruise homeports, including Galveston, Cape Canaveral, and Seattle, enhancing guest health and safety. With plans to deploy crews across the entire Carnival fleet, DocGo continues to expand its operations in the U.S. and the U.K. as it prepares to merge with Motion Acquisition Corp (Nasdaq: MOTN), aiming for a rebranding under the DocGo name and listing under the new ticker symbol 'DCGO'.
Motion Acquisition Corp. (Nasdaq: MOTN) and its merger partner DocGo, a Mobile Health service provider, report record preliminary financial results for Q3 2021. DocGo achieved $81 million in revenue, up 201% year-over-year, and positive net income of $0.6 million. The company has raised its full-year revenue outlook to $260 million from $170 million and expects an Adjusted EBITDA of $10 million. Key business developments include launching services in London and expanding operations in Maryland and Michigan, alongside hiring 780 new employees.
Motion Acquisition Corp. (MOTNU, MOTN, MOTNW) announced that its Form S-4 registration statement for the business combination with DocGo has been declared effective by the SEC. The Annual Meeting for stockholders to vote on the transaction is scheduled for November 2, 2021. Stockholders of record as of September 9, 2021, can participate. The closing of the business combination is contingent upon stockholder approval and other conditions. DocGo specializes in last-mile telehealth and integrated medical mobility services, enhancing patient care through technology.
