DocGo Acquires SteadyMD to Expand Telehealth Services Nationwide

DocGo Inc. (Nasdaq: DCGO), a provider of technology-enabled mobile health and medical transportation services, has announced the acquisition of SteadyMD, a virtual care platform serving healthcare innovators and consumer health brands across the U.S. The strategic deal combines DocGo’s last-mile healthcare delivery infrastructure with SteadyMD’s nationwide virtual care technology and clinician network.

SteadyMD operates a 50-state virtual clinician workforce that supports digital health companies, labs, pharmacies, employers, and other healthcare organizations. The company’s proprietary technology matches patients in real time with clinicians based on their specific health needs. SteadyMD’s network includes over 600 clinicians and is projected to serve more than 3 million patients in 2025. The company is expected to generate approximately $25 million in revenue next year and to achieve positive EBITDA by 2026.

Under the terms of the acquisition, SteadyMD cofounders Guy Friedman (CEO) and Yarone Goren (COO) will join DocGo’s leadership team. The transaction will be funded using DocGo’s existing cash reserves. TD Securities (USA) LLC acted as exclusive financial advisor to DocGo, with Polsinelli providing legal counsel. Alvarez & Marsal, Life Sciences, and Global Transaction Tax provided due diligence and strategic consulting services. Goodwin Procter LLP served as legal advisor to SteadyMD.

Lee Bienstock, CEO of DocGo, said the acquisition represents an important milestone in DocGo’s mission to expand technology-powered healthcare access. “By combining SteadyMD's nationwide virtual care platform with our mobile health services and infrastructure, we can provide our enviable roster of customers with an even more comprehensive platform of last mile care, and help realize our goal of providing patients with healthcare at any address,” he stated.

Guy Friedman, CEO and cofounder of SteadyMD, added that joining DocGo enables broader implementation of patient-centered virtual care. “We are excited to work together to improve access, outcomes, and convenience for millions of patients,” he said.

DocGo plans to update its 2025 revenue and adjusted EBITDA guidance during its next earnings release in early November. A webcast discussing the acquisition will be held on October 21, 2025, at 11:00 a.m. ET via the company’s investor relations website.

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