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DocGo Inc. (DCGO) is a mobile healthcare services company that leverages proprietary dispatch and communication technology to deliver healthcare and transportation solutions. Operating in major metropolitan areas in the United States and the United Kingdom, the company provides in-person medical care, event healthcare support, and medical transportation services. DocGo focuses on serving underserved populations and patients requiring home-based or on-site healthcare, as well as offering emergency and non-emergency medical transport.
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Mobile Health Services - Provides in-person medical treatment at homes, workplaces, and other non-traditional locations, along with event healthcare support and total care management solutions for underserved populations.
- In-person medical treatment - Offers healthcare services at homes, offices, and other non-traditional settings.
- Event healthcare support - Delivers on-site medical services at sporting events, concerts, and similar gatherings.
- Total care management solutions - Includes healthcare and ancillary services like shelter for underserved groups, often in partnership with municipalities.
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Transportation Services - Offers emergency response and non-emergency transport services, including ambulance and wheelchair transports, primarily billed to third-party payors and healthcare facilities.
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Corporate Segment - Provides shared services and personnel support, including IT, insurance, and executive leadership, to the Mobile Health and Transportation segments. This segment does not generate revenue.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Ely D. Tendler Executive | General Counsel and Secretary | Principal of Ely D. Tendler Strategic & Legal Services PLLC | Ely D. Tendler has been General Counsel and Secretary since November 2021. He has over 25 years of legal experience and played a key role in DocGo's business combination. | |
Lee Bienstock Executive | Chief Executive Officer | None | Lee Bienstock joined DocGo in March 2022 as COO, became President in January 2023, and was appointed CEO in September 2023. He has a background in leadership roles at Alphabet Inc.. | View Report → |
Norman Rosenberg Executive | Chief Financial Officer | CFO of Ambulnz Holdings, LLC | Norman Rosenberg became CFO of DocGo in January 2023 and Treasurer in September 2023. He has extensive experience in financial leadership roles across various industries. | |
Stephen Sugrue Executive | Chief Compliance Officer | None | Stephen Sugrue joined DocGo in January 2021 as VP of Compliance and Counsel, and became Chief Compliance Officer in March 2022. He has a clinical background and legal expertise. | |
Dr. Stephen K. Klasko Board | Chair of the Board | Board Member at Teleflex Incorporated; Special Advisor at General Catalyst; Chief Medical Officer at Abundant Venture Partners | Dr. Klasko was appointed Chair of the Board in October 2024. He has extensive experience in healthcare leadership and innovation. | |
Ira Smedra Board | Director | Founder and President of the ARBA Group | Ira Smedra has been a director since November 2021. He has significant experience in the healthcare industry through his real estate investment company. | |
James M. Travers Board | Director | None | James M. Travers has been a director since November 2021 and played a key role in the transition of Motion Acquisition Corp. into DocGo. | |
Michael Burdiek Board | Class III Director | Board Member at Five9, Inc. and IntelliShift | Michael Burdiek has been a director since November 2021. He has extensive experience in leading technology companies. | |
Vina Leite Board | Director | Chief People Officer at GoodRx, Inc.; Board Member at Jamf Holding Corp. and AHEAD | Vina Leite joined the board in November 2022 and serves on the Compensation and Nominating and Corporate Governance Committees. She has a strong background in human capital management. |
- Your 2025 guidance includes $50 million in migrant-related revenue, indicating that your base business revenue growth may be lower than previously expected. What factors have led to this adjustment in your base business growth projections, and how do you plan to drive growth moving forward?
- You have revised your adjusted EBITDA margin guidance for 2025 from a floor of 10% to a range of 8% to 10%. What challenges are affecting your profitability, and what measures are you taking to manage costs while supporting your expansion plans?
- With the rapid expansion of your care gap closure programs, can you clarify whether the margins from these programs are in line with your corporate averages? Will the investment required for this growth impact your overall margins?
- In the Transportation segment, adjusted gross margins decreased from 31.7% in Q3 2023 to 30.7% in Q3 2024. What are the reasons behind this decline, and what strategies are you implementing to improve margins in this segment?
- Subcontracted labor costs have declined, contributing to improved gross margins. How sustainable are these margin improvements as subcontracted labor decreases, and what risks do you foresee in maintaining your gross margins in the future?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
DispatchHealth | Major competitors in the mobile health industry include much larger, national or regional telehealth or in-home healthcare service providers. |
Major competitors in the mobile health industry include much larger, national or regional telehealth or in-home healthcare service providers. | |
Major competitors in the mobile health industry include much larger, national or regional telehealth or in-home healthcare service providers. | |
Major competitors in the mobile health industry include much larger, national or regional telehealth or in-home healthcare service providers. | |
Major competitors in the mobile health industry include much larger, national or regional telehealth or in-home healthcare service providers. | |
Major competitors in the mobile health industry include much larger, national or regional telehealth or in-home healthcare service providers. | |
Signify Health | Major competitors in the mobile health industry include much larger, national or regional telehealth or in-home healthcare service providers. It was acquired by CVS in March 2023. |
MedArrive | Major competitors in the mobile health industry include much larger, national or regional telehealth or in-home healthcare service providers. |
Biofourmis | Major competitors in the mobile health industry include much larger, national or regional telehealth or in-home healthcare service providers. |
One Medical | Major competitors in the mobile health industry include much larger, national or regional telehealth or in-home healthcare service providers. It was acquired by Amazon in February 2023. |
Falck | Larger private provider competitors in the medical transportation industry include this company. |
Global Medical Response | Larger private provider competitors in the medical transportation industry include this company. |
Southwest Ambulance | Larger private provider competitors in the medical transportation industry include this company. |
Paramedics Plus | Larger private provider competitors in the medical transportation industry include this company. |
Acadian Ambulance | Larger private provider competitors in the medical transportation industry include this company. |
SeniorCare EMS | The medical transportation industry includes several large national and regional providers such as this company. |
Priority Ambulance | The medical transportation industry includes several large national and regional providers such as this company. |
PatientCare EMS Solutions | The medical transportation industry includes several large national and regional providers such as this company. |
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Public Benefit Corporation | Provides services on behalf of municipal agencies under multiple contracts, terminable at will with as little as 15 days’ notice | All | Revenue: $249.72M (40% of $624.29M )<br>A/R: $110.08M (42% of $262.08M ) |
Municipal Agency | Government‐related contracts subject to potential non‐renewal and extended collection cycles | All | Revenue: $131.10M (21% of $624.29M )<br>A/R: $104.83M (40% of $262.08M ) |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Ambulnz CO, LLC | 2024 | Completed on July 1, 2024, this acquisition involved buying the remaining noncontrolling interest in its joint venture with University of Colorado Health for $1,848,000 in cash, which resulted in a reduction in additional paid-in capital and an adjustment to noncontrolling interests to support its expanded healthcare services. |
Cardiac RMS, LLC | 2023 | Acquired on March 31, 2023, Holdings purchased 51% of the outstanding shares for an initial consideration of $10,000,000 (comprising $9,000,000 cash and $1,000,000 in common stock) with a further $15,822,190 in contingent consideration structured as earn-outs and true-up payments, leading to a contingent liability balance of $16,386,254 as of June 30, 2024. |
Ryan Bros. Fort Atkinson, LLC | 2022 | Completed on August 9, 2022 for a total of $11,422,252 (with $7,422,252 in cash and $4,000,000 of contingent consideration), and as of September 30, 2024, adjustments included a remaining contingent liability of $1,907,074 along with recorded fair value changes. |
Exceptional Medical Transportation, LLC | 2022 | Acquired on July 13, 2022 for $13,708,333 (comprising $7,708,333 in cash at closing and $6,000,000 payable over 24 months) with an additional potential $2,000,000 contingent consideration based on performance conditions, supported by subsequent payment updates and fair value adjustments. |
Ambulnz-FMC North America LLC | 2023 | Acquired on April 1, 2023 by obtaining the remaining shares for a total of $7,000,000 (structured as $4,000,000 cash and $3,000,000 in common stock via a private placement of 360,145 shares), expanding its healthcare services for renal patients. |
Healthworx LLC | 2023 | Acquired on May 10, 2023 by purchasing the remaining shares from its joint venture with Rapid Reliable Testing, LLC for $1,385,156 in cash, which consolidated its operations. |
Government Medical Services, LLC (GMS) | 2022 | Completed on July 6, 2022 for a cash consideration of $20.3 million with an additional $3 million contingent on meeting performance conditions, aimed at strengthening its presence in governmental and municipal healthcare contracts. |
Ryan Brothers Ambulance Inc. | 2022 | Acquired on August 9, 2022 for a total consideration of $11.4 million (including $7.4 million cash at closing and $4.0 million as contingent consideration over 24 months), with $8.5 million in goodwill recorded to bolster its medical transportation services in Wisconsin. |
No recent press releases or 8-K filings found for DCGO.