DocGo Enhances Telehealth Reach with SteadyMD Acquisition

2025-10-21 digitalcare

New York, Tuesday, 21 October 2025.
DocGo’s acquisition of SteadyMD on October 20, 2025, positions it to generate $25 million revenue by 2025, expanding telehealth across the U.S. with a 50-state clinician network.

Strategic Expansion into Telehealth

DocGo Inc., a prominent player in mobile health and medical transportation services, strategically acquired SteadyMD on October 20, 2025. This acquisition is set to broaden DocGo’s telehealth services across all 50 states through SteadyMD’s extensive clinician network, expected to serve over 3 million patients in 2025. This move is anticipated to generate approximately $25 million in revenue for the year 2025, marking a significant expansion of DocGo’s service capabilities [1][2][3].

Integration of Services and Financial Outlook

The integration of SteadyMD’s platform is projected to enhance patient access to virtual healthcare, aligning with the ongoing digital transformation in the healthcare industry. This acquisition also aligns with DocGo’s strategy to innovate healthcare delivery, combining mobile health services with virtual care to offer comprehensive last-mile healthcare solutions. Financial projections indicate that SteadyMD will become EBITDA positive by 2026, contributing to DocGo’s overall financial health and growth strategy [1][2][4].

Implications for Healthcare Delivery

This strategic move by DocGo is part of a broader trend in healthcare towards digital solutions that improve efficiency and patient outcomes. With a roster of over 600 clinicians and a robust telehealth platform, SteadyMD is well-positioned to enhance DocGo’s healthcare delivery capability. This acquisition not only allows DocGo to leverage SteadyMD’s expertise in virtual care but also provides a platform for further innovations in patient-centered healthcare delivery [1][5][6].

Market and Financial Impact

The announcement of the acquisition has had a positive impact on DocGo’s market performance. Following the news, DocGo’s shares saw a significant increase, reflecting investor confidence in the strategic benefits of the acquisition. The transaction is expected to be funded through DocGo’s existing cash reserves, showcasing the company’s solid financial planning and commitment to enhancing shareholder value through strategic acquisitions [1][2][7].

Bronnen

virtual care telehealth