NEW YORK, Oct. 27, 2021 /PRNewswire/ -- DocGo, a
leading provider of last-mile mobile health services and integrated
medical mobility solutions that has entered into an agreement
to merge with Motion Acquisition Corp. ("Motion") (Nasdaq:MOTN), a
special purpose acquisition company, continues on its exponential
growth trajectory, reporting Q3 revenues of $81 million, a 200% increase over the previous
year, and rolling out a series of major initiatives and joint
partnerships. With continued growth on the horizon, the mobile
health services company is poised to disrupt the healthcare
industry with its combined Mobile Health and medical transportation
offering. DocGo is the current operating trade name for
Ambulnz, Inc. Upon consummation of the merger, the combined company
will be renamed DocGo, Inc.
Established in 2015, New
York-based DocGo is redefining on-demand access to
healthcare, leveraging its AI-powered proprietary technology and
over 3,500+ expert healthcare professionals. The company employs
highly trained CMAs, EMTs, paramedics, LPNs, RNs and APPs to
facilitate "last mile" care, delivering Mobile Health services at
scale for hospital networks, governmental entities and enterprise
customers to unlock the full potential of telemedicine. DocGo's
mobility solutions, enabled through highly coordinated logistics
and focus on exceptional patient care, gives patients much-needed
access to medical attention outside of the traditional four walls
of the medical establishment. The company's range of mobile
health services includes rapid and pre-op testing, ultrasounds,
wound care, cardiac and blood pressure monitoring, Covid-19 testing
and vaccinations, physicals, oral and IV treatments, and more.
Some of DocGo's partners include dialysis specialist Fresenius
Medical Care, multi-state hospital network Jefferson Health
headquartered in Philadelphia, and
Colorado's UCHealth.
Municipalities and other governmental entities such as
New York's Department of Health
and the City of Philadelphia, and
companies like Carnival Corporation partner with DocGo for
integrated mobile medical services. With more than 1.1 million
patients registered on its HealthPoint platform, DocGo offers a
continuum of care for patients with integrated Mobile Health and
medical transportation offerings that allow for greater
coordination between providers at different stages of treatment or
recovery from an injury or illness.
The company is estimated to generate revenues of $260 million in fiscal 2021.
"The future of medicine is bringing care to patients when and
where they need it," says Stan
Vashovsky, CEO of DocGo. "We're thrilled to be on the
forefront of the industry, providing patient-centered care with our
high-quality, highly affordable programs powered by best-in-class
technology and our exceptionally trained and caring medical
providers."
In addition to strong financial results, DocGo achieved the
following recent milestones:
- Announced a going-public transaction through a $1.1 billion merger with Motion Acquisition Corp.
The company recently rebranded from Ambulnz to DocGo and on closing
of the merger, the parent company will be renamed DocGo, Inc. and
will trade on Nasdaq under the DCGO ticker.
- Launched medical transport services in Wisconsin and
Illinois to provide an improved
transportation experience for Fresenius Medical Care North America
kidney dialysis patients and grow DocGo's presence in those
markets.
- Expanded relationships within the cruise industry by helping
Carnival Corporation relaunch passenger cruises, and integrated the
company's proprietary HealthPoint patient portal with SeaCare, the
cruise industry's leading EMR system.
- Completed a rollout of 40 mobile testing units for NYC
Health + Hospitals and NYC Test & Trace Corps, expanding the
program to launch one of the largest public flu testing programs in
the U.S., and is becoming a leading facilitator of vaccinations in
New York State.
- Introduced Mobile Health, the company's 'last-mile' care
services which offer home visit programs to Long Island Select
Healthcare in New York and Martin
Luther King Hospital in Los
Angeles.
- Launched Mobile Health services in Michigan, with DocGo securing a $15M contract from the Michigan Department of
Health & Human Services.
- Launched Street Health Outreach and Wellness program to
facilitate a range of mobile medical services – including wound
care, physicals, social work services and vaccines – to
New York City's homeless
population.
- Hired Aetna's former VP of
North Atlantic Territory Michael Costa as EVP of Strategy, to
bolster DocGo's senior management ranks, lead sales efforts across
mobile health and transportation, and establish new payer
relationships.
- Launched Mobile Health services in Arizona, Maryland, and Washington state.
- Launched medical transport services in London, England to service National Health
Service partners.
- Won a new contract for up to $90
million with the State of South
Carolina.
"Traditionally, patients face challenges as a result of outdated
logistics models and expensive transportation solutions, leaving
them with limited options to get the treatment they need, either at
home or onsite," Mr. Vashovsky added. "At DocGo, we are committed
to taking mobile health services to the next level and disrupting
this multi-billion-dollar industry."
DocGo's highly skilled employees, proprietary technology and
operational acumen have significantly improved patient care across
the country and in the UK. The company's leading-edge business
model includes uptraining their clinical staff to work at the top
of their licensure, which helps drive down the cost of treatment to
save its customers and partners millions of dollars. In addition,
its financial results reflect the tremendous strength of the
company's reach and relationships with customers, making it
well-positioned for continued long-term growth.
DocGo operates in 26 US markets and the UK, with
license applications pending in an additional 14 states. For more
information on DocGo, visit www.docgo.com.
About DocGo
DocGo is a leading provider of last-mile mobile care services and
integrated medical mobility solutions. DocGo is disrupting the
traditional four-wall healthcare system by providing care at the
scale of humanity. DocGo's innovative technology and 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. DocGo and Motion Acquisition Corp. (Nasdaq: MOTN) previously
announced their definitive business combination agreement and
recently filed a registration statement on Form S-4 with the SEC.
Upon closing of the transaction, the combined company will operate
under the DocGo name and will be listed on Nasdaq under the new
ticker symbol "DCGO". For more information, please visit
www.docgo.com.
About Motion Acquisition Corp.
Motion Acquisition
Corp. is a special purpose acquisition company (SPAC) founded by a
management team and board comprised of seasoned business executives
recognized as pioneers in the transportation software and
technology sector that possess substantial operating and
acquisition experience. Motion is listed on Nasdaq under the ticker
symbol "MOTN." For more information, please visit
https://motionacquisition.com.
Forward-Looking Statements
Statements in
this press release that are not historical in nature are
forward-looking statements that, within the meaning of the federal
securities laws including the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, involve known and unknown
risks and uncertainties. Words such as "may", "will", "expect",
"intend", "plan", "believe", "seek", "could", "estimate",
"judgment", "targeting", "should", "anticipate", "goal" and
variations of these words and similar expressions, are intended to
identify forward-looking statements. Readers are cautioned that
actual results could differ materially from those implied by such
forward-looking statements due to a variety of factors. Although we
believe the expectations reflected in such forward-looking
statements are based upon reasonable assumptions, we can give no
assurances that our expectations will be attained. We undertake no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events, or
otherwise.
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SOURCE DocGo