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On July 20, 2021, Motion Acquisition Corp. (Nasdaq: MOTN) announced significant preliminary financial results for its merger partner, DocGo, for Q2 2021. DocGo reported revenue of $61.9 million, a 175% year-over-year increase. Despite a decline in COVID-19 testing revenue, DocGo's mobile health services thrived, with $33 million in revenue. The company raised its full-year revenue outlook to at least $170 million. DocGo also achieved a positive net income of $0.1 million compared to a loss of $1.7 million last year. Recent strategic hires and expansions are expected to bolster future growth.
Ambulnz-FMC North America has announced its expansion into Illinois, offering medical transportation for dialysis patients, partnering with Fresenius Kidney Care. This move will serve 9 Fresenius Kidney Care centers initially, with plans to extend coverage to an additional 50 clinics in the Chicago area. Utilizing proprietary AI technology for fleet routing and GPS tracking, Ambulnz aims to improve patient engagement and experience. This expansion aligns with DocGo's mission of enhancing healthcare accessibility across the U.S.
DocGo, a provider of telehealth and medical mobility services, celebrated the five-year anniversary of its partnership with Long Island Select Healthcare (LISH). The event, honoring DocGo's president Anthony Capone, highlighted the impact of their collaboration in delivering quality healthcare to underserved communities in Long Island. DocGo integrates its AI-driven technology and trained medical professionals to enhance patient care, particularly for those with unique needs. The anniversary celebration is scheduled for October 7, 2021, at Land's End, Sayville.
DocGo and the NYC Test & Trace Corps have launched the Street Health Outreach + Wellness (SHOW) project to provide mobile healthcare services to New York's homeless population. The initiative aims to eliminate barriers to healthcare access, offering wound care, medical consultations, and vaccinations against COVID-19 and Hepatitis A. The mobile units, staffed by healthcare professionals, can vaccinate up to 150 individuals daily. This program emphasizes the importance of serving the underserved, aligning with DocGo's mission to expand healthcare access.
DocGo, a provider of last-mile telehealth and integrated medical mobility services, announces the appointment of Michael Costa as the new EVP of Strategy. With over 25 years in healthcare, including leadership roles at Aetna, Costa's expertise in the payer landscape is expected to enhance DocGo's value-based care initiatives. This leadership change aligns with DocGo's goal to expand mobile care services across the U.S. by the end of 2022, following their merger with Motion Acquisition Corp. (Nasdaq: MOTN), which will transition to the new ticker symbol "DCGO."
DocGo, through its Ambulnz operations, has expanded its partnership with Thomas Jefferson University Hospitals in Philadelphia, allowing for patient transport to 11 hospital locations. This partnership builds on an existing relationship dating back to May 2019, with over 30,000 patients transported. The utilization of AI-powered technology, including real-time vehicle tracking, enhances transparency and efficiency in medical transportation. Upon completing its merger with Motion Acquisition Corp. (Nasdaq: MOTN), DocGo aims to elevate healthcare delivery in the region, enhancing both patient care and operational efficiencies.
Rapid Reliable Testing (RRT), part of DocGo, has partnered with Carnival Corporation to implement COVID-19 testing and vaccination services for crew members as the cruise industry prepares to restart operations in the U.S. RRT will conduct rapid antigen tests for crew on 18 ships, with potential expansion. RRT has administered over 1.2 million COVID-19 tests and 500,000 vaccine doses nationwide. This collaboration emphasizes enhanced health and safety protocols for cruising, promoting public health and operational readiness.
Motion Acquisition Corp. (Nasdaq: MOTN) announced its merger partner, Ambulnz Inc., also known as DocGo, will participate in the Stifel 2021 Virtual Cross Sector Insight Conference on June 8, 2021, at 8:40 a.m. ET. DocGo is a leader in last-mile telehealth and integrated medical mobility services, transforming healthcare delivery through innovative technology and services. They recently entered a definitive business combination agreement with Motion, aiming to operate under the DocGo name on Nasdaq with the new ticker symbol DCGO.
Ambulnz, Inc., operating as DocGo, has expanded its partnership with Barclays Center to provide pre-game COVID testing and medical services during events. The collaboration ensures safety for fans and staff amid rising attendance. DocGo aims to improve healthcare delivery with last-mile telehealth and integrated medical mobility services. The company has entered into a merger agreement with Motion Acquisition Corp. (Nasdaq: MOTN), positioning DocGo to operate under the new ticker symbol 'DCGO' upon completion. This strategic move enhances DocGo’s footprint in the healthcare sector.
Motion Acquisition Corp. (Nasdaq: MOTN) announced its merger with DocGo, a leader in last-mile telehealth services, participating in virtual investor conferences on May 20 and May 26, 2021. DocGo aims to enhance patient care by bridging physical and virtual healthcare through its innovative services, including TeleHealth Plus. Post-merger, DocGo will trade under the new ticker symbol 'DCGO' on Nasdaq. This collaboration is expected to revolutionize the healthcare delivery model by providing integrated medical mobility services.
