Mergers & Acquisitions ·
DocGo Inc. announced second-quarter 2026 financial results and entered into a definitive agreement to acquire virtual…
DCGODocGo Inc.
DocGo Inc. announced second-quarter 2026 financial results and entered into a definitive agreement to acquire virtual care provider Hicuity Health for approximately $52 million in assumed indebtedness plus equity consideration. DocGo reported Q2 revenue of $73.4 million, a decline from $80.4 million in the prior year period due to the wind-down of migrant-related programs; excluding those programs, revenue grew 19% year-over-year. The company posted a net loss of $18.0 million and adjusted EBITDA of negative $6.3 million for the quarter. Perceptive Advisors committed up to $50 million in new senior secured term loans to support the transaction. DocGo narrowed its full-year 2026 revenue guidance to $305-$310 million and adjusted EBITDA guidance to a loss of $17-$22 million. The company operates in the healthcare services industry, providing technology-enabled mobile health, medical transportation, and virtual care solutions.