DocGo Acquires PTI Health To Expand Proactive Healthcare Offering with Mobile Lab Collection and Mobile Phlebotomy Services
10 Fevereiro 2025 - 9:35AM
Business Wire
DocGo Inc. (Nasdaq: DCGO) (“DocGo” or the “Company”), a leading
provider of technology-enabled mobile health services, today
announced the acquisition of PTI Health, a mid-Atlantic mobile lab
collection and phlebotomy services company. This strategic move
expands DocGo’s healthcare service offering to include mobile
phlebotomy lab services, addressing critical gaps in diagnostic
care for underserved populations. With this acquisition, DocGo will
facilitate timely, convenient blood collection and additional
at-home testing services for patients, offering a new level of care
to those with limited access to traditional labs or transportation
options.
The acquisition enhances DocGo’s offerings by leveraging PTI
Health’s existing partnerships and ordering platform integrations
with the nation’s two largest labs, and will facilitate PTI
Health’s expansion into new markets. Initially, DocGo plans to
expand PTI Health’s operations into New York City, addressing
critical gaps in facilitating lab and diagnostic services in one of
the nation’s largest urban markets.
“PTI Health has a great team and integrations with the largest
laboratory service providers in the US – we are incredibly excited
to complete this transaction. By incorporating PTI Health’s mobile
lab collection, phlebotomy services and clinical staff, we’re
expanding our mobile health offerings and further strengthening our
vertically integrated care model to bring diagnostic and primary
care services to patients across our footprint,” said Lee
Bienstock, CEO of DocGo. “We believe this acquisition is a good
example of our ability to expand our offering while leveraging our
existing customer base to drive further growth at PTI. We are
constantly seeking opportunities to leverage our balance sheet to
complement our growth in 2025 and beyond.”
PTI Health specializes in serving patients who are homebound or
face transportation challenges, and their clinicians perform
thousands of lab collections every year. PTI Health’s experienced
mobile phlebotomists perform in-home blood draws and other
collections, enabling seamless diagnostics and care gap closure in
collaboration with patients’ healthcare providers. PTI also
supports mobile clinical trials, adding a new dimension to DocGo’s
robust healthcare offering.
As part of the acquisition, PTI Health President Wayne Meadows
will join DocGo as a General Manager. “I’m excited to join DocGo
and expand on PTI Health’s success bringing vital lab services to
patients,” said Meadows. “DocGo delivers a world-class patient
experience, as evidenced by their 2024 mobile health Net Promoter
Score (NPS) of 86. I look forward to working together to elevate
PTI Health’s offering and expand our services across DocGo’s entire
US footprint to provide vital healthcare access to even more
patients.”
About DocGo
DocGo is leading the proactive healthcare revolution with an
innovative care delivery platform that includes mobile health
services, remote patient monitoring and ambulance services. DocGo
is helping to reshape the traditional four-wall healthcare system
by providing high quality, highly accessible care to patients where
and when they need it. DocGo's proprietary technology and
relationships with a 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. For more information, please
visit www.docgo.com. To get an inside look on how the proactive
healthcare revolution is helping transform healthcare by reducing
costs, increasing efficiency and improving outcomes, visit
www.proactivecarenow.com.
Forward-Looking Statements
This press release includes forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, regarding, among other things, the Company’s plans,
strategies, outcomes, and prospects, both business and financial,
including the Company’s acquisition of PTI Health, the expected
benefits of such acquisition, PTI Health’s expansion into new
markets and the Company’s acquisition strategy. These statements
are based on the beliefs and assumptions of the Company’s
management. Although the Company believes that its plans,
intentions and expectations reflected in or suggested by these
forward-looking statements are reasonable, the Company cannot
assure you that it will achieve or realize these plans, intentions,
outcomes, results or expectations. Accordingly, you should not
place undue reliance on such statements. All statements other than
statements of historical fact are forward-looking. In some cases,
these statements may be preceded by, followed by or include the
words “believes,” “estimates,” “expects,” “projects,” “forecasts,”
“may,” “might,” “will,” “should,” “could,” “can,” “would,”
“design,” “potential,” “seeks,” “plans,” “scheduled,”
“anticipates,” “intends” or the negative of these terms or similar
expressions. Forward-looking statements are inherently subject to
substantial risks, uncertainties and assumptions, many of which are
beyond the Company’s control, and which may cause the Company’s
actual results or outcomes, or the timing of results or outcomes,
to differ materially from those contained in the Company’s
forward-looking statements, including, but not limited to the
following: the Company’s ability to successfully implement its
business strategy, including with respect to PTI Health and other
acquisitions; the Company’s ability to successfully integrate PTI
Health or other acquisitions or realize the benefits of such
acquisitions; the Company’s reliance on and ability to maintain its
contractual relationships with its healthcare provider partners and
clients; the Company’s ability to compete effectively in a highly
competitive industry; the Company’s ability to maintain existing
contracts; the Company’s reliance on government contracts; the
Company’s ability to effectively manage its growth; the Company’s
financial performance and future prospects; the Company’s ability
to deliver on its business strategies or models, plans and goals;
the Company’s ability to expand geographically; the Company’s
competitive position and opportunities, including its ability to
realize the benefits from its operating model; and other risk
factors included in the Company’s filings with the Securities and
Exchange Commission. The forward-looking statements made in this
press release are based on events or circumstances as of the date
on which the statements are made. The Company undertakes no
obligation to update any forward-looking statements made in this
press release to reflect events or circumstances after the date of
this press release or to reflect new information or the occurrence
of unanticipated events, except as and to the extent required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20250210820237/en/
Investor Contact Mike Cole DocGo 949-444-1341
mike.cole@docgo.com ir@docgo.com
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